Wednesday, June 08, 2005

Friedman's 'heresy' hits mainstream / Private Social Security accounts were his idea

"San Francisco seems an unlikely home for the man who in 1962 first proposed the privatization of Social Security.

Asked why he dwells in liberalism's den, Milton Friedman, 92, the Nobel laureate economist and father of modern conservatism, didn't skip a beat.

'Not much competition here,' he quipped."