Milton Friedman on Bush

Here's an important interview with the 92-year-old grand master economist (via ParaPundit):

Friedman supported Bush's first-term candidacy, but he is more accurately libertarian than conservative and not a reliable Bush ally.

Progress in his goal of rolling back the role of government, he said, is "being greatly threatened, unfortunately, by this notion that the U.S. has a mission to promote democracy around the world," a big Bush objective.

"War is a friend of the state," Friedman said. It is always expensive, requiring higher taxes, and, "In time of war, government will take powers and do things that it would not ordinarily do."

He also said it was no coincidence that budget surpluses appeared during the Clinton administration, when a Democratic president faced a Republican Congress.

"There were no big spending programs during the Clinton administration," he said. "As a result, government spending tended to stay down, the economy grew like mad, taxes went up, spending did not, and lo and behold, the deficit was turned into a surplus."

The problem now, he said, is that Republicans control both ends of Washington.

"There's no question if we're holding down spending, a Democratic president and a Republican House and Senate is the proper combination."

My published articles are archived at iSteve.com -- Steve Sailer