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Ep. 510: Milton Friedman Returns with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Do-Gooders

The do-gooder reformers of Ralph Nader types were sincere. But they ended up being the front men for special interests and you have that over and over again. You have the honest and seer people and they invariably end up be the front man. For private interests they would never knowingly support. What's an example of that? An example of that are the 19th century Ralph Nader who got the Interstate Commerce Commission established. They got the ICC established supposedly to protect the consumer. No, no. That was not what happened. The railroads took over the ICC and used it in the 1920s to get the control of ICC extended to trucking because that was the most

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