Commentary
This Op Ed has been inspired by two comments on my previous (too long, and unfinished) Op Ed on inflation (“This Ain’t Your Daddy’s Inflation”). In it I criticized Milton Friedman, and this elicited these reactions from two readers:
“Conservative that I am, I’ve always been a fond believer in Milton Friedman,” wrote MissStofeles.
“Did that article just criticize Friedman’s analysis as biased? I have to admit I stopped reading at that point,” wrote epluribus_unum.
I’ll challenge these statements in a while, but I must firstly say that I am not at all critical of them to feel this way. This proclivity to believe is a very human thing—in fact, in terms of behavior, just as a spider’s defining characteristic is spinning a spider’s web, our defining characteristic as a species is the capacity to have and share beliefs.
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