Milton Friedman on Blogging
I’m reading Milton Friedman’s 1962 classic Capitalism and Freedom, which I find simultaneously timeless in its argument and incredibly dated in its specifics (in many cases because of policy changes owing at least partly to his influence), and came across this caveat to a discussion of the monopolistic nature of intellectual property protection:
But this is a casual judgment on a subject on which there has been much detailed study and on which much more is needed. Hence, it is deserving of little confidence.
This perfectly describes most blog posts.
UPDATE: A few chapters later:
The judgment that follows is a personal, though I hope not utterly uninformed, opinion, stated, for sake of brevity, more dogmatically than the nature of the evidence justifies.
That, along with the previous quotation, could implied appendages to any blog post, or, indeed, virtually any analysis anywhere.
Related Posts
- None Found
About James Joyner
Archives December 2006 August 2006 June 2006 May 2006 April 2006 March 2006 February 2006 [IMG Outside The Beltway | OTB] Milton Friedman on Blogging New Republic Goes Canadian, Bi-Weekly Beltway Traffic Jam Should Taxes Be Raised? Tom Vilsack Drops out of Presidential Race Megan McArdle on Behavioral Economics, Prof. Hamilton on Industrial Production
Helpful or Unhelpful:
0 
0
Interesting analysis :-)
Helpful or Unhelpful:
0 
0
There Oughta Be A Law…
James Joyner locates a Milton Friedman gem that should be the required tag line for every blog (and mainstream opinion pieces, for that matter). The judgment that follows is a personal, though I hope not utterly uninformed, opinion, stated, for……
Helpful or Unhelpful:
0 
0
If anyone needed to put the “Friedman appendage” on every post or comment it is me.
Helpful or Unhelpful:
0 
0