Milton Friedman Does Cinco de Mayo

Good Morning Gentle Readers,

Although the revelry is largely confined to the Great American Southwest, Cinco de Mayo, like St Paddy's Day, is an American holiday that spontaneously evolved within the culture, irrespective of the fact that CONgress never officially legislated it into existence.

Despite the significance of Zaragosa's tequila inspired victory over the Frogs, south of the border, public school is in session and nobody but tanked Americans in places like Cabo celebrate the Fifth of May.

Bonus: A couple of years ago TWC had the opportunity to spend Cinco de Mayo with the godfather of free market economics and school choice.

That's Uncle Miltie and Cato's Andrew Coulson. Is that a GREAT shirt? Or what?

 

As intriguing as the idea was, jawboning with Milton Friedman was kinda out of the question. I felt intrusive enough just taking his picture. Besides, what the heck do you say to Milton Friedman?

Uhhh, Good Job, Dude. How's the wine?

Lot's of fringes to being hooked up with Mrs TWC, one of which was the Los Cabos tag along. And, the night before at Villa Penasco, where TWC had THREE gracious and well dressed waiters to himself.....

Oh, Señor TWC, you look like you need a leetle more wine. Eh?

......our friends Shikha and Arthur actually found something to say to the Nobel Laureate and I suspect it had to do with Arthur's long ago summer camp counselor, a brash young man named David Friedman. That's Mrs TWC to the right, sliced nearly in half, vertically.

Milton Friedman bio here.

As Ever.

TWC

Oh yeah, and it's also Linda R's birthday! Happy, Happy!

Good Morning Gentle Readers,

Although the revelry is largely confined to the Great American Southwest, Cinco de Mayo, like St Paddy's Day, is an American holiday that spontaneously evolved within the culture, irrespective of the fact that CONgress never officially legislated it into existence.

Despite the significance of Zaragosa's tequila inspired victory over the Frogs, south of the border, public school is in session and nobody but tanked Americans in places like Cabo celebrate the Fifth of May.

Bonus: A couple of years ago TWC had the opportunity to spend Cinco de Mayo with the godfather of free market economics and school choice.

That's Uncle Miltie and Cato's Andrew Coulson. Is that a GREAT shirt? Or what?

 

As intriguing as the idea was, jawboning with Milton Friedman was kinda out of the question. I felt intrusive enough just taking his picture. Besides, what the heck do you say to Milton Friedman?

Uhhh, Good Job, Dude. How's the wine?

Lot's of fringes to being hooked up with Mrs TWC, one of which was the Los Cabos tag along. And, the night before at Villa Penasco, where TWC had THREE gracious and well dressed waiters to himself.....

Oh, Señor TWC, you look like you need a leetle more wine. Eh?

......our friends Shikha and Arthur actually found something to say to the Nobel Laureate and I suspect it had to do with Arthur's long ago summer camp counselor, a brash young man named David Friedman. That's Mrs TWC to the right, sliced nearly in half, vertically.

Milton Friedman bio here.

As Ever.

TWC

Oh yeah, and it's also Linda R's birthday! Happy, Happy!

Comments

[NoStar]

Ah Yes. Cinco de Mayo. The day Mexico told France it would not be repaying its National Debt, and then they backed it up with military muscle.

Of course, since then Mexicans have had a lousy credit ratings with FICO scores in the low 4 hundreds.

[TWC]

I don't think the Mexicans put up the country as collateral, which the French were trying to repossess, and actually did.

[NoStar]

We (the citizens of the USA) didn't realize we were putting our country up as collateral either, but as the Chinese buy up our struggling mortgage banks, we are becoming serfs in our own land.

Will we go the route of renigging on our debts or (and this is my bet) will we hyper-inflate the currency and pay off with worthless paper, destroying what little savings we have.

The Chinese are willing to finance our wars in the middle east, but I don't think they will be so generous when they come to collect.

[TWC]

I don't worry about that stuff too much because I remember when everybody had a stroke over the Japanese buying up all of our cool stuff. Now Sony Pictures is just another American movie maker and things have changed following the bath the Japanese investors took on LA real estate back when Crichton was writing about the Red Sun menace.

And, I'm not entirely clear about how the Chinese are financing the Republic's demise.

[NoStar]

TWC,
It's just that we are borrowing from the Chinese and others so that we can finance our playing unpaid cop to the world.

There are two problems with this.
1. We will go bankrupt and/or infalte our currency to pay back our debt.
2. When we attempt to do something militarily that upsets our financiers, we could find our credit has dried up.