Tuesday, March 2, 2010

Friedman and Chile

See Bret Stephens' Wall Street Journal column on the positive impact Milton Friedman had on the economy of Chile. Note also that, contrary to leftist MSM rhetoric, Gen. Augusto Pinochet wasn't entirely bad for Chile, but rather a mix of good and bad. Once you've noted this, remember not to repeat it to anyone as it is definitely not a politically correct view. Stephens shows the results:
Chileans have become South America's richest people. They have the continent's lowest level of corruption, the lowest infant-mortality rate, and the lowest number of people living below the poverty line.