(2d column in my series on Friedman advising Hillary to Move Hard Right)
William K. Black
August 7, 2016 Bloomington, MN
Thomas Friedman has written two columns advising Hillary Clinton to renounce her campaign promises and the Democratic Party’s platform and move to the right of the Republican Party on economic issues. My first column in this series critiqued the centerpiece of his plea to her – deregulate banking.
This column discusses Friedman’s economic assumption, which he probably does not understand he was making, that is (a) false and (b) dangerous. Friedman doesn’t cite it as an economic assumption. Instead, he makes a systems theory assertion without even trying to explain why it would be applicable to his proposed sharp move to the right on economic policies.