It goes roughly like this:
Milton Friedman was being escorted past a large construction project by a government finance minister. Friedman observed that all the workers were using shovels and he asked the finance minister why there were no bulldozers or excavators. The minister said “Because, Mr. Friedman, our goal is JOBS.” to which Friedman responded, “If your goal is jobs, give them spoons.”
I LOVE this guy! I’m not sure which is more impressive, his grasp of economics or his ability to share that with us in such a manner as nott to insult.
Anyway, it would seem that we have a cheerleader for the government finance minister:
Chris Matthews has it right. There has never been a better time for the U.S. to develop a high-speed rail line. F*ck conservatives and their no-can-do attitude. This country was built on the notion of American exceptionalism. It’s time to get back to that reality as apposed to it being just a slogan.
If you wanna jobs program, take every single unemployed person, give ’em a spoon and put ’em to work!