July 11, 2003

A long piece on Schwarzenegger in the Financial Times by an Arnold biographer. Money quote:

In the US, he took business classes at UCLA and won a business degree by correspondence course from the University of Wisconsin. His economic views were defined early: "I am more comfortable with an Adam Smith philosophy than with Keynesian theory." (Not a line you expect to hear from Conan the Barbarian. Or then again...) In 1980, the year he became an American citizen, he bombarded friends with tapes of Milton Friedman's television series Free to Choose. Arnold himself felt free to speculate in property and real estate with bewildering success, or beginner's luck, during the 1970s.
Posted by Greg Ransom