Milton Friedman

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5h
TribLIVE
Venezuela’s best export is a lesson about socialismGet sophisticated and smart and care about people and, sure enough, you are soo
Venezuela’s best export is a lesson about socialism
TribLIVE / Posted 5 hours ago
Get sophisticated and smart and care about people and, sure enough, you are soon a socialism fan, aren't you? I mean, after all, socialists serve the poor, big government gets big things done, and capitalism — shudder, shudder — just makes the rich... Read more
1d
Zero Hedge
Why Economics MattersThere was a landmark conference at South Royalton, Vermont in 1974, attended by
Why Economics Matters
Zero Hedge / Posted yesterday
There was a landmark conference at South Royalton, Vermont in 1974, attended by the likes of Murray Rothbard and Milton Friedman, that revitalized the Austrian movement and helped it regain prominence in the latter part of the twentieth century.... Read more
1d
Op-Ed News
Quantitative Easing for People: The UK Labour Frontrunner's Controversial ProposalBritish MP Jeremy Corbyn has proposed a "People's QE" that has critics crying h
Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal
Op-Ed News / Posted yesterday
British MP Jeremy Corbyn has proposed a "People's QE" that has critics crying hyperinflation and supporters saying it's about time. Dark horse candidate Jeremy Corbyn, who is currently leading in the polls for UK Labour Party leadership, has... Read more
2d
Arkansas Times
William F. Buckley and Gore Vidal face off (again) in 'Best of Enemies'William F. Buckley Jr. was the Ivy League-educated heir to an oil fortune whose
William F. Buckley and Gore Vidal face off (again) in 'Best of Enemies'
Arkansas Times / Posted 2 days ago
William F. Buckley Jr. was the Ivy League-educated heir to an oil fortune whose greatest political conviction — a little conveniently, if you ask me — was that true freedom necessitated social inequality. He spoke in a transatlantic, faux-British... Read more
2 related stories
3d
FOX News
Summer of crime: Killings soar in big US cities amid debate over policingHomicide rates in big cities are skyrocketing, in a tragic trend that has rever
Summer of crime: Killings soar in big US cities amid debate over policing
FOX News / Posted 3 days ago
Homicide rates in big cities are skyrocketing, in a tragic trend that has reversed a years-long decline – and comes amid a raging debate over how to police America’s cities and suburbs. This year in Milwaukee, murders are up 21 percent from a year... Read more
3d
The Globe and Mail
Three ways to protect your business in turbulent timesA series of economic, financial and technological shocks are currently batterin
Three ways to protect your business in turbulent times
The Globe and Mail / Posted 3 days ago
A series of economic, financial and technological shocks are currently battering the global economy, creating waves of uncertainty, fear and disruption. The price of crude oil (WTI) has dropped 60 per cent in the last two years to about $45 (U.S.)... Read more
5d
Op-Ed News
Change Everything or Face A Global KatrinaFor me, the road to This Changes Everything: Capitalism vs. the Climate begins
Change Everything or Face A Global Katrina
Op-Ed News / Posted 5 days ago
For me, the road to This Changes Everything: Capitalism vs. the Climate begins in a very specific time and place. The time was exactly 10 years ago. The place was New Orleans, in the aftermath of Hurricane Katrina. The road in question was flooded... Read more
6d
Salon.com
We have drug violence all wrong: Prohibition is the root causeThis article originally appeared on Rosalio Reta was at summer camp, like all
We have drug violence all wrong: Prohibition is the root cause
Salon.com / Posted 6 days ago
This article originally appeared on Rosalio Reta was at summer camp, like all the other American teenagers his age. He was a short Texan fifteen-year old with spiky hair, nicknamed “Bart” because he looks like a less yellow Bart Simpson, and loves... Read more
8d
Popular Science Australia
Germs in Chronic Disease: Prediction Becomes ExperienceIn 1953, the esteemed economist, Milton Friedman wrote in his Essays in Positiv
Germs in Chronic Disease: Prediction Becomes Experience
Popular Science Australia / Posted 8 days ago
In 1953, the esteemed economist, Milton Friedman wrote in his Essays in Positive Economics:“...the only relevant test of the validity of a hypothesis is comparison of its predictions with experience.” As factual evidence grows, a theory can either be... Read more
9d
Brisbane Times
China is in trouble, but this is not yet a 'Lehman' moment for world economyPremier Li Keqiang: The crumbling credibility of China's leaders this year is d
China is in trouble, but this is not yet a 'Lehman' moment for world economy
Brisbane Times / Posted 9 days ago
Premier Li Keqiang: The crumbling credibility of China's leaders this year is disturbing to watch. Photo: Sanghee Liu You need steel nerves to resist the emotional pull of a full-blown financial panic. The media will by instinct seek out those... Read more
1186 related stories
9d
WA Today
China is in trouble, but this is not yet a 'Lehman' moment for world economyPremier Li Keqiang: The crumbling credibility of China's leaders this year is d
China is in trouble, but this is not yet a 'Lehman' moment for world economy
WA Today / Posted 9 days ago
Premier Li Keqiang: The crumbling credibility of China's leaders this year is disturbing to watch. Photo: Sanghee Liu You need steel nerves to resist the emotional pull of a full-blown financial panic. The media will by instinct seek out those... Read more
1186 related stories
9d
The Age
China is in trouble, but this is not yet a 'Lehman' moment for world economyPremier Li Keqiang: The crumbling credibility of China's leaders this year is d
China is in trouble, but this is not yet a 'Lehman' moment for world economy
The Age / Posted 9 days ago
Premier Li Keqiang: The crumbling credibility of China's leaders this year is disturbing to watch. Photo: Sanghee Liu You need steel nerves to resist the emotional pull of a full-blown financial panic. The media will by instinct seek out those... Read more
1186 related stories
9d
Sydney Morning Herald
China is in trouble, but this is not yet a 'Lehman' moment for world economyPremier Li Keqiang: The crumbling credibility of China's leaders this year is d
China is in trouble, but this is not yet a 'Lehman' moment for world economy
Sydney Morning Herald / Posted 9 days ago
Premier Li Keqiang: The crumbling credibility of China's leaders this year is disturbing to watch. Photo: Sanghee Liu You need steel nerves to resist the emotional pull of a full-blown financial panic. The media will by instinct seek out those... Read more
1186 related stories
9d
Canberra Times
China is in trouble, but this is not yet a 'Lehman' moment for world economyPremier Li Keqiang: The crumbling credibility of China's leaders this year is d
China is in trouble, but this is not yet a 'Lehman' moment for world economy
Canberra Times / Posted 9 days ago
Premier Li Keqiang: The crumbling credibility of China's leaders this year is disturbing to watch. Photo: Sanghee Liu You need steel nerves to resist the emotional pull of a full-blown financial panic. The media will by instinct seek out those... Read more
1186 related stories
9d
Daily Telegraph
China is in a serious bind but this is not yet a 'Lehman' momentWhile not everybody agrees with Milton Friedman and Anna Schwartz, it is hard t
China is in a serious bind but this is not yet a 'Lehman' moment
Daily Telegraph / Posted 9 days ago
While not everybody agrees with Milton Friedman and Anna Schwartz, it is hard to dispute the main thrust of their Monetary History that it was ferociously tight policy by the US Federal Reserve from mid-1930 onwards that led to the collapse of the US... Read more
9d
Business Spectator
The China crisis could trigger fresh euro turmoilJust when the Europeans thought they had calmed down the euro crisis with their
The China crisis could trigger fresh euro turmoil
Business Spectator / Posted 9 days ago
Just when the Europeans thought they had calmed down the euro crisis with their third bailout package for Greece, they are reminded of how fragile their economy still is. For a change, Europe’s new worries do not originate from the continent itself.... Read more
10d
The Daily Reckoning
Where’s the Outrage on Government Spending?It seems that everyone has had a good vent about politicians’ entitlements. I a
Where’s the Outrage on Government Spending?
The Daily Reckoning / Posted 10 days ago
It seems that everyone has had a good vent about politicians’ entitlements. I agree that taxpayers’ money, otherwise known as our money, should be treated with the utmost respect. I find it as infuriating as anyone when politicians treat public funds... Read more
11d
Zero Hedge
Paul Craig Roberts: Central Banks Have Become A Corrupting ForceAuthored by Paul Craig Roberts and Dave Kranzler via PaulCraigRoberts.org, Are
Paul Craig Roberts: Central Banks Have Become A Corrupting Force
Zero Hedge / Posted 11 days ago
Authored by Paul Craig Roberts and Dave Kranzler via PaulCraigRoberts.org, Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the... Read more
3 related stories
11d
TheStreet.com
The Real Meaning Behind China's Market CollapseNEW YORK (TheStreet) -- There were very significant market corrections at the e
The Real Meaning Behind China's Market Collapse
TheStreet.com / Posted 11 days ago
NEW YORK (TheStreet) -- There were very significant market corrections at the end of last week. The Dow Jones Industrial Average plummeted Friday by 3.1%, while the Nasdaq slid 3.5% and the U.K.'s FTSE 100 index fell 2.8%. Enough said. Why? Because... Read more
11d
AllAfrica.com
Meles Zenawi Legacy Inspires a New AfricaOn the 3rd anniversary of Meles Zenawi's passing, African leaders and scholars
Meles Zenawi Legacy Inspires a New Africa
AllAfrica.com / Posted 11 days ago
On the 3rd anniversary of Meles Zenawi's passing, African leaders and scholars gathered in Kigali to build on the ideas left behind by one of the continent's finest post-independence statesmen. Mr Zenawi passed on August 20, 2012. Before Zenawi... Read more
11d
International Business Times
Jeremy Corbyn's useful economists: Who signed the letter endorsing Corbynomics? Had Milton Friedman added his signature to an open letter of economists endorsi
Jeremy Corbyn's useful economists: Who signed the letter endorsing Corbynomics?
International Business Times / Posted 11 days ago
Had Milton Friedman added his signature to an open letter of economists endorsing Corbynomics, it would have been a surprising and thought-provoking intervention in the Labour leadership election. Not least because the free market economist is... Read more
12d
Business Insider
Trump is no Ronald ReaganDonald Trump’s attempts to burnish his conservative credentials by comparing hi
Trump is no Ronald Reagan
Business Insider / Posted 12 days ago
Donald Trump’s attempts to burnish his conservative credentials by comparing himself to Ronald Reagan are wildly unconvincing. In his recent “Meet the Press” interview, Trump argued that his metamorphosis from left to right was akin to Reagan’s. He... Read more
12d
Op-Ed News
Central Banks Have Become A Corrupting ForceAre we witnessing the corruption of central banks? Are we observing the money-c
Central Banks Have Become A Corrupting Force
Op-Ed News / Posted 12 days ago
Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich? These questions came to mind when we learned that the... Read more
3 related stories
14d
Chicago Tribune
Mitch Daniels op-ed: A fix for student loan debtAnyone who is unaware that we face a massive problem involving college student
Mitch Daniels op-ed: A fix for student loan debt
Chicago Tribune / Posted 14 days ago
Anyone who is unaware that we face a massive problem involving college student debt, contact Earth at your first convenience. The troubling facts are almost universally known: After tripling in 10 years, this debt totals more than $1.3 trillion,... Read more
4 related stories
15d
Daily Telegraph
Jeremy Corbyn's plan to turn Britain into ZimbabweAccording to the US economist Steve Hanke, there have been at least 56 episodes
Jeremy Corbyn's plan to turn Britain into Zimbabwe
Daily Telegraph / Posted 15 days ago
According to the US economist Steve Hanke, there have been at least 56 episodes of hyperinflation in the modern age, taking in countries as varied as France, Russia, and Peru. Virtually all of them have one thing in common – extensive use of the... Read more
15d
MacDailyNews
Google could rig the 2016 U.S. Presidential election, says research team – MacDailyNews“By manipulating its search results, Google could decide the next election,” Da
Google could rig the 2016 U.S. Presidential election, says research team – MacDailyNews
MacDailyNews / Posted 15 days ago
“By manipulating its search results, Google could decide the next election,” David Goldman reports for CNNMoney. “The world’s most-used search engine is so powerful and national elections are so tight, that even a tiny tweak in Google’s secret... Read more
22 related stories
15d
The Atlantic
Reinventing New Orleans as a Lab for InnovationReferring to New Orleans as anything like a “laboratory” during the first weeks
Reinventing New Orleans as a Lab for Innovation
The Atlantic / Posted 15 days ago
Referring to New Orleans as anything like a “laboratory” during the first weeks and months after Hurricane Katrina’s floodwaters receded would have been a bad move. As displaced residents trickled back into the city, they were first and foremost... Read more
16d
Zero Hedge
10 Things Every Economist Should Know About The Gold StandardSubmitted by George Selgin via Alt-M.org, At the risk of sounding like a broke
10 Things Every Economist Should Know About The Gold Standard
Zero Hedge / Posted 16 days ago
Submitted by George Selgin via Alt-M.org, At the risk of sounding like a broken record (well, OK–at the risk of continuing to sound like a broken record), I'd like to say a bit more about economists' tendency to get their monetary history wrong. In... Read more
16d
WSB-TV 2 Atlanta
Georgia editorial roundupRecent editorials from Georgia newspapers: Aug. 18 Augusta (Georgia) Chronicl
Georgia editorial roundup
WSB-TV 2 Atlanta / Posted 16 days ago
Recent editorials from Georgia newspapers: Aug. 18 Augusta (Georgia) Chronicle, on elected officials and their travel: If flying to high-priced conferences, staying in full-service hotels and eating fancy dinners on the taxpayer's dime turned... Read more
16d
Columbia County Observer
Jeb Bush Villifies Unwed Mothers, Ignores Economic RealityJeb Bush Vilifies Unwed Mothers, Ignores Economic Reality As former Florida Go
Jeb Bush Villifies Unwed Mothers, Ignores Economic Reality
Columbia County Observer / Posted 16 days ago
Jeb Bush Vilifies Unwed Mothers, Ignores Economic Reality As former Florida Gov. Jeb Bush abandons his Paleolithic diet by eating a fried Snickers bar in Iowa, feminists everywhere wish he’d abandon his stone-age ideology, too. Bush wants to... Read more
17d
The New Zealand Herald
Midweek Fixture: The worrying future of sport on TVSky Sports presenter Michael Atherton speaks with Brendon McCullum of New Zeala
Midweek Fixture: The worrying future of sport on TV
The New Zealand Herald / Posted 17 days ago
Sky Sports presenter Michael Atherton speaks with Brendon McCullum of New Zealand. Photo / Getty Images. There was a lot of sport to not watch this weekend and if it's a sign of the future, then it's a worrying one. In South Africa, an... Read more
17d
Quartz
No more student loans? Purdue University proposes selling shares of students’ future income - Quartz With student loan debt rising and the threat of new...
No more student loans? Purdue University proposes selling shares of students’ future income
Quartz / Posted 17 days ago
- Quartz With student loan debt rising and the threat of new... Read more
4 related stories
18d
AllAfrica.com
Mining People for ProfitsLarge scale redundancies in the South African mining sector, running to tens of
Mining People for Profits
AllAfrica.com / Posted 18 days ago
Large scale redundancies in the South African mining sector, running to tens of thousands of jobs, are probably inevitable. But only because of the system in which we have to operate. Even in the gold sector, there will be mines and shafts that... Read more
19d
The Irish Times
#Gamergate event disrupted by bomb scare A perusal of those attending confirms the quasi-movement’s right-wing ethos
#Gamergate event disrupted by bomb scare
The Irish Times / Posted 19 days ago
A perusal of those attending confirms the quasi-movement’s right-wing ethos Sun, Aug 16, 2015, 22:25 Over the weekend I was contacted by a Twitter user and asked to comment on the news that a conversation... Read more
23d
Zero Hedge
Asset-Price Inflation Enters Its Dangerous Late PhaseAsset price inflation, a disease whose source always lies in monetary disorder,
Asset-Price Inflation Enters Its Dangerous Late Phase
Zero Hedge / Posted 23 days ago
Asset price inflation, a disease whose source always lies in monetary disorder, is not a new affliction. It was virtually inevitable that the present wild experimentation by the Federal Reserve — joined by the Bank of Japan and ECB — would produce a... Read more
23d
Zero Hedge
U.S. Wages Have Fallen EVERY Quarter of the 'Recovery'For 6 ½ long years, we have been bombarded with the mythology known as “the U.S
U.S. Wages Have Fallen EVERY Quarter of the 'Recovery'
Zero Hedge / Posted 23 days ago
For 6 ½ long years, we have been bombarded with the mythology known as “the U.S. economic recovery” by the mainstream media. Exposing this fantasy is simple, since the gulf between myth and reality has grown to such absurd proportions. There is no... Read more
25d
Zero Hedge
Four Economic Myths That Perpetuate The Euro CrisisToo much of the commentary about the Greek crisis has focused on whether or not
Four Economic Myths That Perpetuate The Euro Crisis
Zero Hedge / Posted 25 days ago
Too much of the commentary about the Greek crisis has focused on whether or not Greece should drop the euro and not enough on the structural problems arising out of decades of socialism. Meanwhile, the Greek government has borrowed more money than... Read more
27d
TribLIVE
The ‘equality’ racketA particular act or policy might not have a discriminatory intent. But that doe
The ‘equality’ racket
TribLIVE / Posted 27 days ago
A particular act or policy might not have a discriminatory intent. But that doesn't let you off the hook. If it has a disproportionately negative impact on “protected classes,” it is said to have a disparate impact and risks being prohibited by... Read more
28d
Forbes
Why The Euro Has Failed: The Rose EffectThis might better be called “one of the reasons the euro has failed” in fact. F
Why The Euro Has Failed: The Rose Effect
Forbes / Posted 28 days ago
This might better be called “one of the reasons the euro has failed” in fact. For the basic analysis of the euro, even before it was finally decided to go ahead with it back in the 1990s, said that the euro would indeed fail and that it would fail as... Read more
29d
San Antonio Express-News
City minimum wage hike bad fiscal policyIn September, San Antonio City Council members will consider raising the minimu
City minimum wage hike bad fiscal policy
San Antonio Express-News / Posted 29 days ago
In September, San Antonio City Council members will consider raising the minimum wage for all municipal workers to $13 per hour. This kind of wage hike might make for good politics, but it’s bad fiscal policy and even worse economics. First, let’s... Read more
29d
The Washington Times
Dan Price and the cost of collectivismGiven the fact that parts of this story fall at the intersection of economics a
Dan Price and the cost of collectivism
The Washington Times / Posted 29 days ago
Given the fact that parts of this story fall at the intersection of economics and theology, I asked my resident economist-theologian friend if he had any thoughts on the Gravity Payments story. He did. By Ryan Helfenbein Here are the basic facts.... Read more
29d
Market Watch
Fed shouldn’t wait for higher wages before raising interest ratesThe first Friday of the month arrives with the usual mixture of trepidation and
Fed shouldn’t wait for higher wages before raising interest rates
Market Watch / Posted 29 days ago
The first Friday of the month arrives with the usual mixture of trepidation and hope: trepidation that job creation may sputter; hope that wages will finally show some sign of life. Financial markets’ obsessive focus on a single report from a single... Read more
30d
TheStreet.com
Fed's Lockhart Sees September Rate Increase...or NotNEW YORK (TheStreet) -- The economy is ready for a Federal Reserve interest rat
Fed's Lockhart Sees September Rate Increase...or Not
TheStreet.com / Posted 30 days ago
NEW YORK (TheStreet) -- The economy is ready for a Federal Reserve interest rate increase, according to one powerful player -- or is it? Dennis Lockhart, President of the Federal Reserve Bank of Atlanta, is quoted by The New York Times as saying,... Read more
3 related stories
1m
Salon.com
Asparagus water: This week’s overpriced yuppie Whole Foods diet trend garbageIf you were looking to bring a lot of unkind thoughts together – that affluent
Asparagus water: This week’s overpriced yuppie Whole Foods diet trend garbage
Salon.com / Posted a month ago
If you were looking to bring a lot of unkind thoughts together – that affluent white folk have strange taste, that Whole Foods has become a bizarre religious cult, that people on L.A.’s Westside are shallow – you could hardly find a better way to... Read more
14 related stories
m
Spartanburg Herald-Journal
Williams: Just how far shall we take 'diversity'?The uninformed assumption made by judges, lawyers and academics is that but for
Williams: Just how far shall we take 'diversity'?
Spartanburg Herald-Journal / Posted 1 months ago
The uninformed assumption made by judges, lawyers and academics is that but for the fact of racial and sex discrimination, we all would be distributed across occupations, educational backgrounds and other socio-economic characteristics according to... Read more
m
Zero Hedge
"This Is The Largest Financial Departure From Reality In Human History"Submitted by Nicole Foss via The Automatic Earth blog, Our consistent theme he
"This Is The Largest Financial Departure From Reality In Human History"
Zero Hedge / Posted 1 months ago
Submitted by Nicole Foss via The Automatic Earth blog, Our consistent theme here at the Automatic Earth since its inception has been that we are facing a very powerful deflationary depression, following on from the bursting of an epic financial... Read more
m
The Columbian
Berko: What will the market do when interest rates go up?Dear Mr. Berko: I just retired at age 67, and my certified public accountant, w
Berko: What will the market do when interest rates go up?
The Columbian / Posted 1 months ago
Dear Mr. Berko: I just retired at age 67, and my certified public accountant, who is a friend, insists that I hire a money manager to run my $680,000 individual retirement account. Do you have any idea how difficult it is to find a money manager to... Read more
m
Op-Ed News
Capitalism's Bottom-up LieThere's a huge lie built into the core of capitalism. it goes like this: The
Capitalism's Bottom-up Lie
Op-Ed News / Posted 1 months ago
There's a huge lie built into the core of capitalism. it goes like this: The Market Decides. Libertarians and free market capitalists, like Milton Friedman and his acolytes, believe that "the market decides" The idea is that the market will... Read more
m
The Washington Times
PEGGY VENABLE: Give all children the education choice Secretary Duncan’s kids haveThe public learned recently that US Department of Education Secretary Arne Dunc
PEGGY VENABLE: Give all children the education choice Secretary Duncan’s kids have
The Washington Times / Posted 1 months ago
The public learned recently that US Department of Education Secretary Arne Duncan is sending his children to an elite private school in the fall. Considering that President Obama has opposed school choice in the nation’s capital and sends his own... Read more
m
The New Statesman
John Gray: The Friedrich Hayek I knew, and what he got right - and wrongIn the 1980s, when F A Hayek was one of the intellectual icons of the New Right
John Gray: The Friedrich Hayek I knew, and what he got right - and wrong
The New Statesman / Posted 1 months ago
In the 1980s, when F A Hayek was one of the intellectual icons of the New Right, some of the more doctrinaire members of that complicated and fractious movement used to say that for him a minimal government was one that provided three things:... Read more
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