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Milton Friedman


By Energy Efficiency, Energy Rant, Government 4 Comments
Widgetitis: Obsessive compulsion to build canals with teaspoons – or meet program goals with showerheads. A short story about economist Milton Friedman from The Wall Street Journal sort of sets the stage for effectively meeting program/portfolio goals in big chunks: “Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which…
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