Of all the economists, Milton Friedman has been the one who has provided the conservative movement against activist governments with intellectual grunt. The Nobel Laureate is regarded as one of the most influential thinkers of our time and, at the age of 93, he remains a champion of the free market and savage critic of government intervention.
No surprises then that he attacks Sarbanes-Oxley as bad law in this interview. Consider the following:
"I think Sarbanes-Oxley is a terrible law...Here you say to every CEO in the country: you've got to swear to the accuracy of things you can't possibly know. You're going to make a perjurer of him. And you say to him, for God sakes whatever you do, don't take risks.
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