milton friedman

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  • Bob Chitester on Free Markets and Interventionism


    Ideas MatterAuthority Authority: 108
    The following is a series of thoughts about free markets and interventionism from Free To Choose Network President, Bob Chitester. When we talk about capitalism, what do we mean? Free markets? Or crony capitalism? Free market capitalism, under the rule of law, has proven to be the most efficient and self-correcting ...
    1 week ago
  • Free To Choose: Mart Laars Economic Guidebook for Estonia


    Ideas MatterAuthority Authority: 108
    An economy in ruins. The young prime minister was facing unbelievable odds. Mart Laar knew little about economics. He turned to one book: Free To Choose, the book based on the film . And the rest, as they say, is history. Estonia implemented a flat tax rate like that recommended by Milton Friedman. Estonia become ...
    1 week ago
  • Quote of the Day


    The ThinkerAuthority Authority: 109
    “Lord, enlighten thou our enemies,” prayed nineteenth-century British economist and moral philosopher John Stuart Mill in his “Essay on Coleridge.” “Sharpen their wits, give acuteness to their perceptions, and consecutiveness and clearness to their reasoning powers: we are in danger from their folly, not ...
    1 week ago
  • Tuition Free Tuesday: Milton Friedman’s “Free to Choose” Episode 9: How to Cure Inflation


    The SwashAuthority Authority: 130
    [IMG: http://img.youtube.com/vi/jE7zxo61Xc8/2.jpg]
    1 week ago
  • Milton Friedman’s 1948 Functional Finance Proposal


    Credit WritedownsAuthority Authority: 650
    By L. Randall Wray In the context of today’s conventional wisdom about the dangers of budget deficits, Lerner’s views ( examined last week ) appear somewhat radical. What is surprising is that they were not all that radical at the time. As everyone knows, Milton Friedman was a conservative economist and a vocal ...
    1 week ago
  • Enacting useless regulations in order to force the transfer of wealth from rich to poor


    Bookworm RoomAuthority Authority: 603
    There’s a famous story about Milton Friedman’s response when confronted with make-work projects : While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment ...
    2 weeks ago
  • The 2012 Index of Economic Freedom Is Out


    Mad Minerva 2.0Authority Authority: 470
    Were not doing so well?   The US is out of the top tier at #10. What would Milton Friedman say?  By the way, the top tier rated "Free" consists of Hong Kong at #1, followed by Singapore,  Australia, New Zealand, and (the first non-Asian country on the list) Switzerland.  Taiwan is #18.  Cmon, guys, we can do ...
    2 weeks ago
  • And a Happy New Year to Milton Friedman, from the Hayek Center


    EconomicPolicyJournal.comAuthority Authority: 617
    Taking Hayek Seriously (The Hayek Center) tweets:We have no evidence Friedman had any understanding of Hayeks eco science & overwhelming evidence he completely lacked that understanding.
    4 weeks ago

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