when it came to trying to put their harebrained theories into practice?
My explanation is this: The Friedmanites believed in a "free-market" religion with few or no regulations on businesses, theories which were in direct contrast to historical precedent, the realities of the "market," and common sense.
Then when the Friedmanite religion because actual economic reality, the economy headed south and shows few signs of rebounding.
Friedmanism is still alive and well, even though we have a Democrat in the White House, and even though it is a colossal failure. Look no further than the horrendous, idiotic Arne Duncan, a big fan of charter schools, which are nothing more than private schools financed by the taxpayers, and you will see this idiocy still at work. Privatizing of governmental functions, of what used to be called the "common good," continues unabated.
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