In Tyranny of the Status Quo, Milton and Rose Friedman describe a remarkable political phenomenon: the uniform tendency in government to reverse the decleared policies of leaders whether left or right. In the first six to nine months following their election, Reagan, Thatcher, Mitterand, too, initiated big changes. Soon, each was frustrated by the "Iron Triangle" which preserves the status quo. In the triangle's corners are the direct beneficiaries of laws, the bureaucrats who thrive on them, the politicians who seek votes.
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Milton Friedman is a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics. He has written a number of books, including two with his wife, Rose D. Friedman---the bestselling Free to Choose and Two Lucky People: Memoirs, the latter published by the University of Chicago Press.
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5 of 5 people found the following review helpful:
5.0 out of 5 stars
A must read and it's even better after all these years,
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This review is from: Tyranny of the Status Quo (Paperback)
Alright, with a book this old there is a certain amount of historical value going back to the early 80's. It's an interesting read as just a history book but it gets much better than that. If someone made you read this book and didn't tell you what year it was published you would think it was new. Mr. Friedman is spot on with his economic soothsaying and this is a book you must read now!!! The example of Chrysler and it's bankrupcy is a complete parallel with today's banking crises and GM. A wise man, a short book (160 pgs) and you won't regret it.
3 of 3 people found the following review helpful:
5.0 out of 5 stars
Great Book,
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This review is from: The Tyranny of the Status Quo (Hardcover)
More relevant now than when it was written. Buy this book, or remain ignorant.
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