Milton Friedman

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2d
Market Watch
Here’s how to reduce inequality and poverty in Americais definitely a non-starter. The best way to help the poor is the negative inc
Here’s how to reduce inequality and poverty in America
Market Watch / Posted 2 days ago
is definitely a non-starter. The best way to help the poor is the negative income tax plan originally proposed by both Milton Friedman (the conservative economist at the University of Chicago) and James Tobin (the liberal economist at Yale... Read more
2d
Morningstar
Creative Alternatives to Taking Student Loansa way to make education more affordable and more accessible. (A version of this
Creative Alternatives to Taking Student Loans
Morningstar / Posted 2 days ago
a way to make education more affordable and more accessible. (A version of this idea was originally proposed by economist Milton Friedman in the 1955 essay "The Role of Government in Education.") Among the drawbacks, it's possible that... Read more
6d
Zero Hedge
The Fear Economy: It Couldn't Possibly Happen Here But It Did“tightness” such that it need not turn into the worst of the worst cases; 25% d
The Fear Economy: It Couldn't Possibly Happen Here But It Did
Zero Hedge / Posted 6 days ago
“tightness” such that it need not turn into the worst of the worst cases; 25% declines in prices and 37% declines (as Milton Friedman calculated of the collapse portion of the Great Depression) in overall money supply. But this would create a... Read more
7d
Reuters
Japan sinking deeper into de-facto helicopter moneymoney', where a central bank directly finances government spending by underwrit
Japan sinking deeper into de-facto helicopter money
Reuters / Posted 7 days ago
money', where a central bank directly finances government spending by underwriting bonds, was coined by American economist Milton Friedman and gained prominence when former U.S. Federal Reserve Chairman Ben Bernanke cited it in a 2002 speech as a... Read more
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7d
Fortune
Why Milton Friedman Was Wrongcompanies creating technology had a responsibility to consider the effects of t
Why Milton Friedman Was Wrong
Fortune / Posted 7 days ago
companies creating technology had a responsibility to consider the effects of that technology on social equity. The late Milton Friedman had a ready answer. “The social responsibility of business,” the economist often said, “is to increase its... Read more
9d
Rutland Herald
New approach to welfarecountries realize the current entitlement approach is costly and perpetuating a
New approach to welfare
Rutland Herald / Posted 9 days ago
countries realize the current entitlement approach is costly and perpetuating a culture of dependency they can�t afford. Milton Friedman and Martin Luther King supported a guaranteed income. President Nixon unsuccessfully proposed one with some... Read more
10d
The Daily Reckoning
A Black Day in Monetary HistoryNixon, nor almost anyone else, had a clear idea of what the new monetary era re
A Black Day in Monetary History
The Daily Reckoning / Posted 10 days ago
Nixon, nor almost anyone else, had a clear idea of what the new monetary era really meant. No one — not even economist Milton Friedman, who advised the president — had any idea what it would do to the world economy and to the American system of... Read more
11d
Newsmax
Fed Officials Challenge Decades of Accepted Wisdom on Inflationway. The Chicago Fed chief also questioned a fundamental notion that has gover
Fed Officials Challenge Decades of Accepted Wisdom on Inflation
Newsmax / Posted 11 days ago
way. The Chicago Fed chief also questioned a fundamental notion that has governed the actions of central bankers since Milton Friedman famously quipped in 1960 that monetary policy works with long and variable lags. The implication of... Read more
12d
Zero Hedge
The Real Reason Brazil Can Still Be "The Country Of The Future"still, as of last month, F.A. Hayek was searched more than John Maynard Keynes
The Real Reason Brazil Can Still Be "The Country Of The Future"
Zero Hedge / Posted 12 days ago
still, as of last month, F.A. Hayek was searched more than John Maynard Keynes and Murray Rothbard was searched more than Milton Friedman. This is an incredible testament to the work of Mises Brasil, Instituto Rothbard and the other organizations... Read more
12d
Namibia Economist
Where does the buck stop?responsibility. By the 1960s Keynes’s intellectual victory seemed complete. In
Where does the buck stop?
Namibia Economist / Posted 12 days ago
responsibility. By the 1960s Keynes’s intellectual victory seemed complete. In a story in Time magazine, published in 1965, Milton Friedman declared (in a quote often attributed to Richard Nixon), “We are all Keynesians now.” But the Keynesian... Read more
14d
Zero Hedge
Why Donald Trump's "Sound Money" Stance Scares The Mainstreamnumerous countries would be remotely acceptable within the freely flexible exch
Why Donald Trump's "Sound Money" Stance Scares The Mainstream
Zero Hedge / Posted 14 days ago
numerous countries would be remotely acceptable within the freely flexible exchange-rate system envisaged by Nobel Laureate Milton Friedman. Nor would anyone suggest that any coherent mechanism exists comparable with the fixed-rate system anchored... Read more
14d
Salon.com
Plutocrats make it clear: Capitalism trumps democracy — why some free-marketeers actually like dictatorsgovernment. The U.S. subsequently propped up Pinochet’s bloody dictatorship. N
Plutocrats make it clear: Capitalism trumps democracy — why some free-marketeers actually like dictators
Salon.com / Posted 14 days ago
government. The U.S. subsequently propped up Pinochet’s bloody dictatorship. Nobel Prize-winning libertarian economist Milton Friedman became the ideological father of Chile’s new hyper-authoritarian free-market utopia. The Chicago Boys,... Read more
14d
Naked Capitalism
The Strange Fate of Economists' Interest in Collective Decision-Makingeconomist became directly enmeshed with policy-making (with exception of French
The Strange Fate of Economists' Interest in Collective Decision-Making
Naked Capitalism / Posted 14 days ago
economist became directly enmeshed with policy-making (with exception of French-bred Debreu, maybe). During the War only, Milton Friedman was in charge of identifying the right amount of taxes at the Treasury while Richard Musgrave looked for ways... Read more
14d
The New Statesman
Owen Smith is reviving Project Fear – the Labour leadership contenders should play by the rulesrelevant specialist knowledge. More radical options are being discussed, too.
Owen Smith is reviving Project Fear – the Labour leadership contenders should play by the rules
The New Statesman / Posted 14 days ago
relevant specialist knowledge. More radical options are being discussed, too. “Helicopter money”, originally proposed by Milton Friedman, is gaining ground as a means to get fresh cash directly into the economy. However, with interest rates at... Read more
16d
SaukValley.com
Here’s a better way: Wealth redistribution through private sectorthe private sector. I think doing it through the private sector is far superior
Here’s a better way: Wealth redistribution through private sector
SaukValley.com / Posted 16 days ago
the private sector. I think doing it through the private sector is far superior. Conservatives such as the late economist Milton Friedman as well as some present-day so-called “reform conservatives” have expressed support for a “basic guaranteed... Read more
19d
Arkansas Democrat-Gazette
The paradox of productivityParable of the Spoons. This is an old story told in several different forms but
The paradox of productivity
Arkansas Democrat-Gazette / Posted 19 days ago
Parable of the Spoons. This is an old story told in several different forms but usually attributed to free-market economist Milton Friedman. Here's the version told by Stephen Moore: At one of our dinners, Milton recalled traveling to an Asian... Read more
21d
Bankrate.com
Free cash from the government! (Not here)up, in part, of helicopter money. 'Helicopter Ben' The concept was first arti
Free cash from the government! (Not here)
Bankrate.com / Posted 21 days ago
up, in part, of helicopter money. 'Helicopter Ben' The concept was first articulated by Nobel Prize winning economist Milton Friedman in his 1969 essay, "The Optimum Quantity of Money:" "Let us suppose now that one day a helicopter flies over... Read more
21d
Bankrate.com
Helicopter money: Bazooka needed in Japan, not in USlife into its gross domestic product. 'Helicopter Ben' The concept was first
Helicopter money: Bazooka needed in Japan, not in US
Bankrate.com / Posted 21 days ago
life into its gross domestic product. 'Helicopter Ben' The concept was first articulated by Nobel Prize winning economist Milton Friedman in his 1969 essay, "The Optimum Quantity of Money:" "Let us suppose now that one day a helicopter flies over... Read more
22d
CNN
Libertarian ticket could spoil Clinton partya well-designed social safety net to protect those who fail to benefit from the
Libertarian ticket could spoil Clinton party
CNN / Posted 22 days ago
a well-designed social safety net to protect those who fail to benefit from the economic dynamism of a free economy. Both Milton Friedman and Friedrich Hayek, for instance, supported what many regard as a radically progressive policy -- a basic... Read more
2 related stories
22d
KESQ Palm Springs
Libertarian ticket could spoil Clinton partythink of libertarianism as a kind of right-wing ideology, with its intellectual
Libertarian ticket could spoil Clinton party
KESQ Palm Springs / Posted 22 days ago
think of libertarianism as a kind of right-wing ideology, with its intellectual origins in the free-market economics of Milton Friedman and the unabashed egoism and anti-communism of Ayn Rand. And it's certainly true that for most of its... Read more
2 related stories
22d
ABC 7 El Paso
Libertarian ticket could spoil Clinton partythink of libertarianism as a kind of right-wing ideology, with its intellectual
Libertarian ticket could spoil Clinton party
ABC 7 El Paso / Posted 22 days ago
think of libertarianism as a kind of right-wing ideology, with its intellectual origins in the free-market economics of Milton Friedman and the unabashed egoism and anti-communism of Ayn Rand. And it's certainly true that for most of its... Read more
2 related stories
23d
The Hill
Tax extenders – prelude to December?usually revives similar giveaways in what have come to be known as “tax extende
Tax extenders – prelude to December?
The Hill / Posted 23 days ago
usually revives similar giveaways in what have come to be known as “tax extenders” bills. It’s a bad habit. As economist Milton Friedman once lamented, “Nothing is so permanent as a temporary government program.” ADVERTISEMENT ITCs allow... Read more
24d
International Business Times
Helicopter money: Are central banks edging closer to dropping cash from the sky? say it is time to take up more radical measures, such as helicopter money. This
Helicopter money: Are central banks edging closer to dropping cash from the sky?
International Business Times / Posted 24 days ago
say it is time to take up more radical measures, such as helicopter money. This is a term adopted by the economist Milton Friedman in 1969, to describe the idea of a central bank printing money and dropping in onto citizens in order to... Read more
24d
Canberra Times
Sudden rush in global growth eases Brexit fearstrend growth of money at around 4 per cent to 5 per cent in the industrial coun
Sudden rush in global growth eases Brexit fears
Canberra Times / Posted 24 days ago
trend growth of money at around 4 per cent to 5 per cent in the industrial countries with low inflation. This is what Milton Friedman used to dream about," he said. "Quantitative easing worked in the US and now it is working in Europe too. I... Read more
4 related stories
24d
Brisbane Times
Sudden rush in global growth eases Brexit fearstrend growth of money at around 4 per cent to 5 per cent in the industrial coun
Sudden rush in global growth eases Brexit fears
Brisbane Times / Posted 24 days ago
trend growth of money at around 4 per cent to 5 per cent in the industrial countries with low inflation. This is what Milton Friedman used to dream about," he said. "Quantitative easing worked in the US and now it is working in Europe too. I... Read more
4 related stories
24d
Sydney Morning Herald
Sudden rush in global growth eases Brexit fearstrend growth of money at around 4 per cent to 5 per cent in the industrial coun
Sudden rush in global growth eases Brexit fears
Sydney Morning Herald / Posted 24 days ago
trend growth of money at around 4 per cent to 5 per cent in the industrial countries with low inflation. This is what Milton Friedman used to dream about," he said. "Quantitative easing worked in the US and now it is working in Europe too. I... Read more
4 related stories
24d
WA Today
Sudden rush in global growth eases Brexit fearstrend growth of money at around 4 per cent to 5 per cent in the industrial coun
Sudden rush in global growth eases Brexit fears
WA Today / Posted 24 days ago
trend growth of money at around 4 per cent to 5 per cent in the industrial countries with low inflation. This is what Milton Friedman used to dream about," he said. "Quantitative easing worked in the US and now it is working in Europe too. I... Read more
4 related stories
24d
The Age
Sudden rush in global growth eases Brexit fearstrend growth of money at around 4 per cent to 5 per cent in the industrial coun
Sudden rush in global growth eases Brexit fears
The Age / Posted 24 days ago
trend growth of money at around 4 per cent to 5 per cent in the industrial countries with low inflation. This is what Milton Friedman used to dream about," he said. "Quantitative easing worked in the US and now it is working in Europe too. I... Read more
4 related stories
25d
Japan Today
Helicopter money talk takes flight as BOJ runs out of runway ‹ Japan Todaymoney.” The helicopter money metaphor for the aggressive printing of new money
Helicopter money talk takes flight as BOJ runs out of runway ‹ Japan Today
Japan Today / Posted 25 days ago
money.” The helicopter money metaphor for the aggressive printing of new money was first used by American economist Milton Friedman in 1969 and cited by former U.S. Federal Reserve chairman Ben Bernanke in 2002 as a scheme that could fight... Read more
125 related stories
25d
The Champaign News-Gazette
This day in history, July 31, 2016is 18. Actor Rico Rodriguez is 18. Thought for Today: "Only government can tak
This day in history, July 31, 2016
The Champaign News-Gazette / Posted 25 days ago
is 18. Actor Rico Rodriguez is 18. Thought for Today: "Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless." — Milton Friedman, American economist (born this date in 1912, died in 20... Read more
3 related stories
26d
Business Standard India
Helicopter money talk takes flight as Bank of Japan runs out of runwaymoney." The helicopter money metaphor for the aggressive printing of new money
Helicopter money talk takes flight as Bank of Japan runs out of runway
Business Standard India / Posted 26 days ago
money." The helicopter money metaphor for the aggressive printing of new money was first used by American economist Milton Friedman in 1969 and cited by former U.S. Federal Reserve chairman Ben Bernanke in 2002 as a scheme that could fight... Read more
125 related stories
26d
Daily Herald
Today in Historyis 18. Actor Rico Rodriguez is 18. Thought for Today: "Only government can tak
Today in History
Daily Herald / Posted 26 days ago
is 18. Actor Rico Rodriguez is 18. Thought for Today: "Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless." - Milton Friedman, American economist (born this date in 1912, died in 20... Read more
3 related stories
26d
Berkshire Eagle
Today in Historyis 18. Actor Rico Rodriguez is 18. Thought for Today: "Only government can tak
Today in History
Berkshire Eagle / Posted 26 days ago
is 18. Actor Rico Rodriguez is 18. Thought for Today: "Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless." — Milton Friedman, American economist (born this date in 1912, died in 20... Read more
3 related stories
26d
Channel NewsAsia
Helicopter money talk takes flight as Bank of Japan runs out of runwaymoney." The helicopter money metaphor for the aggressive printing of new money
Helicopter money talk takes flight as Bank of Japan runs out of runway
Channel NewsAsia / Posted 26 days ago
money." The helicopter money metaphor for the aggressive printing of new money was first used by American economist Milton Friedman in 1969 and cited by former U.S. Federal Reserve chairman Ben Bernanke in 2002 as a scheme that could fight... Read more
125 related stories
26d
Reuters
Helicopter money talk takes flight as Bank of Japan runs out of runwaymoney." The helicopter money metaphor for the aggressive printing of new money
Helicopter money talk takes flight as Bank of Japan runs out of runway
Reuters / Posted 26 days ago
money." The helicopter money metaphor for the aggressive printing of new money was first used by American economist Milton Friedman in 1969 and cited by former U.S. Federal Reserve chairman Ben Bernanke in 2002 as a scheme that could fight... Read more
125 related stories
27d
Arkansas Democrat-Gazette
More to chooseSunday we celebrate the birthday of one of the most brilliant minds in the fiel
More to choose
Arkansas Democrat-Gazette / Posted 27 days ago
Sunday we celebrate the birthday of one of the most brilliant minds in the field of economics, Milton Friedman. While he won the Nobel Prize in economics for his work on monetary policy, he was also a champion of school choice. Some Arkansans are... Read more
28d
Reuters
'Helicopter money' might weaken currencies more than QE as sky's the limitAbe and former Federal Reserve chief Ben Bernanke, famously an advocate of the
'Helicopter money' might weaken currencies more than QE as sky's the limit
Reuters / Posted 28 days ago
Abe and former Federal Reserve chief Ben Bernanke, famously an advocate of the helicopter drop theorized by monetarist Milton Friedman in the 1960s as an antidote to deflation. "Markets were reacting to the formality of it, to Japan throwing... Read more
5 related stories
29d
The Daily Reckoning
The Great Lie That Is Bankrupting the Economytruth: It becomes less valuable as output falls. But in 1971, President Nixon
The Great Lie That Is Bankrupting the Economy
The Daily Reckoning / Posted 29 days ago
truth: It becomes less valuable as output falls. But in 1971, President Nixon — advised by leading ‘monetarist’ economist Milton Friedman — made a fateful error. He cut the dollar loose from the real economy. An honest mistake? Maybe. Friedman... Read more
29d
Zero Hedge
Why A "Dollar" Should Only Be A Name For A Unit Of Golddollar and gold as of August 1971. In order to save the bankrupt system policym
Why A "Dollar" Should Only Be A Name For A Unit Of Gold
Zero Hedge / Posted 29 days ago
dollar and gold as of August 1971. In order to save the bankrupt system policymakers have adopted the prescription of Milton Friedman to allow a freely floating standard. Milton Friedman, Richard Nixon and then Fed chairman Arthur Burns.... Read more
30d
Op-Ed News
Japan's "Helicopter Money" Play: Road to Hyperinflation or Cure for Debt Deflation?something quite different from the quantitative easing they actually got and ot
Japan's "Helicopter Money" Play: Road to Hyperinflation or Cure for Debt Deflation?
Op-Ed News / Posted 30 days ago
something quite different from the quantitative easing they actually got and other central banks later mimicked. Quoting Milton Friedman, he said the government could reverse a deflation simply by printing money and dropping it from helicopters.... Read more
5 related stories
30d
Crain's Chicago Business
Economists give up on Milton Friedman's biggest idea(Bloomberg View) — One of the core pieces of modern macroeconomic theory, hande
Economists give up on Milton Friedman's biggest idea
Crain's Chicago Business / Posted 30 days ago
(Bloomberg View) — One of the core pieces of modern macroeconomic theory, handed down to us by the great Milton Friedman, probably missed the mark. And now it might be on the way out. And this shift has big implications for how we think about... Read more
30d
KERA North Texas
Good News On Student Loans ... For Somepayment plans? Income based repayment, Hillman points out, is based on an idea
Good News On Student Loans ... For Some
KERA North Texas / Posted 30 days ago
payment plans? Income based repayment, Hillman points out, is based on an idea first proposed by Chicago economist Milton Friedman back in the 1950s. Hillman says changing conditions and changing data should drive new ideas: "It's a lack of... Read more
6 related stories
30d
KPBS San Diego
Good News On Student Loans ... For Somepayment plans? Income based repayment, Hillman points out, is based on an idea
Good News On Student Loans ... For Some
KPBS San Diego / Posted 30 days ago
payment plans? Income based repayment, Hillman points out, is based on an idea first proposed by Chicago economist Milton Friedman back in the 1950s. Hillman says changing conditions and changing data should drive new ideas: "It's a lack of... Read more
6 related stories
1m
The Globe and Mail
Helicopter money and the Japanese economic conundrumsome aspects of monetary policy have become less effective than in the past. Mo
Helicopter money and the Japanese economic conundrum
The Globe and Mail / Posted a month ago
some aspects of monetary policy have become less effective than in the past. Monetarism was largely developed by Milton Friedman during the 1950s and 60s when the demographic tailwinds were blowing like a Category 5 hurricane. He believed... Read more
m
Zero Hedge
Celebrating 45 Years Of Phony MoneyAnd the only real growth is learning. Anything else is a fraud. In 1971, Presi
Celebrating 45 Years Of Phony Money
Zero Hedge / Posted 1 months ago
And the only real growth is learning. Anything else is a fraud. In 1971, President Nixon – aided and abetted by economist Milton Friedman – cut the dollar off from its natural limits. No longer tethered to gold, the gate was flung open… and the... Read more
m
Zero Hedge
End Of An Era: The Rise And Fall Of The Petrodollar Systemmarket manipulation effort that they soon gave up again. It foreshadowed the ev
End Of An Era: The Rise And Fall Of The Petrodollar System
Zero Hedge / Posted 1 months ago
market manipulation effort that they soon gave up again. It foreshadowed the eventual default. Monetarist economists like Milton Friedman told Nixon that the gold price would fall to $6 if the US were to “demonetize” gold – once again proving that... Read more
m
Dallas Morning News
Mac McCann: Subsidizing grocery stores won't make Dallas healthiermore grocery stores to southern Dallas are rooted in good intentions. However,
Mac McCann: Subsidizing grocery stores won't make Dallas healthier
Dallas Morning News / Posted 1 months ago
more grocery stores to southern Dallas are rooted in good intentions. However, to quote the Nobel Prize winning economist Milton Friedman, "One of the great mistakes is to judge policies and programs by their intentions rather than their... Read more

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