Friedman and Bernanke?

A wise man once said:

"The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline."

That man was Milton Friedman.

I sincerely doubt that he would be anything close to pleased at Mr. Ben Bernanke & Co.'s constant association between himself and their bailout policies. The media is equally to blame.