Economists VS. The Draft
Tyler Cowen over at Marginal Revolution points to a short history lesson about the end of the US Draft. Major roles were played by Milton Friedman and Allen Greenspan among others, as well as economist William Meckling. According to that story Meckling was probably the most influential in that decision. To think, I’d never even heard of him before. So, thanks Economists for making the world safer for lazy, post-college schlubs. Oh, and thanks to Richard Nixon too for putting that council together. Man, never thought I’d be thanking Nixon for anything.
