Wouldn't it be nice to read the headline, "Fed Does Nothing, Says Same Old Thing"?
At minimum, it would accurately describe the outcome of the Federal Reserve's policy meeting June 25. Fed chief Ben Bernanke and his team have been telling us for...
Hyman Minsky, John Kenneth Galbraith and John Maynard Keynes take center stage as James Galbraith throws down the gauntlet to contemporary mainstream economists. Speaking at the 25th Annual Milton Friedman Distinguished Lecture at Marietta...
When I was a first-year assistant professor at the University of Chicago, my friend and department chair, Jose Scheinkman, relayed the advice Milton Friedman had given him 20 years earlier, “Don’t save too much.”
The logic was simple: An...
Bryan Caplan
Q: Instead of a green card [resident alien status], can the USA issue a blue card which does not give welfare?
Granted that Friedman was 87 when he said this, it's still appalling. Normally, Friedman was eager to embrace any...
The University of Chicago has decided to establish an economics research institute named after the late Milton Friedman. Normally, a university's decision to name an institute after it's most famous and successful professor would be a...
Background
Milton Friedman (July 31, 1912 – November 16, 2006) was an American Nobel Laureate economist and public intellectual. He made major contributions to the fields of economics and statistics. In 1976, he was awarded the Nobel Prize in Economics for his achievements in the fields of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. He was an advocate of economic freedom.
You must have Javascript and Flash version 8+ enabled to see this content.
Timeline
You must have Javascript and Flash version 8+ enabled to see this content.
was said in:
5 days ago from Freakonomics