Conservative objections to ObamaCare: More than just money Oct 10, 2009
Writing in last Sundays Washington Post, for conservatives to rededicate ourselves to the intellectualism of men like Milton Friedman and William F. Buckley. Whatever the result of the health debate and its not time to fold yet Haywards advice is sound. (Atlanta Journal-Constitution -- Opinion)
Property or Character? Oct 10, 2009
Two years earlier, Margaret Thatcher and Keith Joseph had founded the Centre for Policy Studies, one of a number of "New Right" think tanks that would make the intellectual running in British politics in the late 1970s, and would transform the Tories from the party of Burke and Hume into the party of Milton Friedman and Friedrich Hayek - turning it from a conservative party, in the Quinton sense, into a classical or neoliberal one that would begin a long and ultimately destructive march through... (The American Conservative)
World economy: A long climb Oct 8, 2009
They draw inspiration from the work of the late Milton Friedman, who showed that in America deep recessions are generally followed by strong recoveries. He likened the economy to a piece of string stretched taut on a board. (The Economist)
RedState Morning Briefing Oct 8, 2009
Here is the list (again in no particular order): A Message to Garcia by Elbert Hubbard Liberal Fascism by Jonah Goldberg Economics in One Lesson by Hazlitt Liberty & Tyranny by Mark Levin The Road to Serfdom by F. A. Hayek The Conservative Mind by Russell Kirk Free to Choose by Milton Friedman Conscience of a Conservative by Barry Goldwater Federalist Papers Democracy in America by Tocqueville Mere Christianity by C.S. Lewis God and Man at Yale by W.F. Buckley Witness by Whittaker Chambers The... (Human Events Online)
Transfer Machine Oct 7, 2009
The true burden of government, the late Milton Friedman said, is not the tax level but the spending level. Taxation is just one way for the government to get money. (Human Events Online)
And You Say Conservatism Is Dying? Oct 6, 2009
So it's downright weird that at this moment, we are being asked to ponder how far we have fallen from the glory days of William F. Buckley and Milton Friedman. "How awful for you," say those who never sympathized with conservatism, "that you have been reduced to Rush Limbaugh and Sean Hannity.". (Townhall.com)
We Are Not All Keynesians Yet Oct 6, 2009
This revolution, he explains, was a combination of changing monetary policy to control demand and using marginal tax-rate cuts to increase economic growth the first promoted by Milton Friedman, the second by Robert Mundell, both from the University of Chicago and both recipients of the Nobel Prize. By the late 1970s, their perspective was shared by many members of Congress, supported by the Wall Street Journal s editorial page, and endorsed by a prospective Republican presidential candidate. (The American Conservative)
About Hobbes Oct 5, 2009
Professor Robin tries to embarrass libertarians by dredging up Milton Friedman and F.A. Hayek s association with Augusto Pinochet as an example of Hobbes in action. But ask yourself this question: bloody as Pinochet s repressions were, were they bloodier than a republican/democratic civil war or revolution would have been. (The American Conservative)
The cost of the war on drugs Oct 3, 2009
They included the Nobel laureates George Akerlof, Vernon Smith, and the late Milton Friedman. The debate in Australia could do with some economics. (Sydney Morning Herald -- Australia)
IMF beats gold-auction drum Oct 2, 2009
That has been the rule of the game ever since president Richard Nixon on the advice of Milton Friedman "made the gold markets free" in 1971. In the beginning it was US Treasury gold that was auctioned off in order to club down the rising gold price. (Asia Times Online)
A Short Introduction to Oil Prices and Oil Inventories Oct 2, 2009
However, even if 'cheating' still happens, it is much less prevalent (or significant) than it was a few decades ago when Nobel Laureates in economics like Professors Milton Friedman and Gary Becker actually seemed to believe the preposterous theory that OPEC countries would remain passive indefinitely if the oil market imposed ridiculously low prices on their invaluable oil. Important Details. (Energy Pulse, CO)
Off with their blinkered heads Oct 1, 2009
Thomas Freidman said recently in the New York Times "Let's today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it's telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall - when Mother Nature and the market both said: 'No more'.It's... (Asia Times Online)
U.S. care isn't best, or even close Oct 1, 2009
"Maybe the REAL reason the French live longer is because they eat healthier than Americans. Or maybe it's because they drink wine. Or maybe it's because the French don't work more than 35 hours a week while we Americans work an average of forty six (46). I am befuddled by those who still ignore the inevitable economic consequences of such a "free" luxury item as healthcare for all. As Milton Friedman was so fond of saying: "there's no such thing as a free lunch. " E.M. wrote on Sep 24, 2009 2:54... (Coos Bay-North Bend The World, OR)
The Era of Big GOP Government Sep 25, 2009
Milton Friedman pointed out that the level of spending, not taxation, is the truer gauge of the government burden. The money has to come from somewhere. (The American Conservative)
HSBC bids farewell to dollar supremacy... Sep 25, 2009
" If there is, then goodness will prevail. If not, then we are all doomed to eternal damnation, dollar or no dollar. America is God's champion. Her mission is to protect freedom and liberty for everyone, not just Americans. Those misusing her power and resources will pay a hefty price when the Spirit World opens its doors and the multitudes there come down here to set things right. Keep in mind, the physical earth only has 6.5 billion people, but the Spirit World has well over hundreds of... (The Drudge Report)
Union sets Thursday 'furlough day' -- or strike? Sep 25, 2009
" Klein not only kicks butt, she names names, notably economist Milton Friedman and his radical Chicago School of the 1950s and 60s which she notes "produced many of the leading neo-conservative and neo-liberal thinkers whose influence is still profound in Washington today. " Stand up and take a bow, Donald Rumsfeld. Now will we see another chapter added? "How wealthy Palo Alto leveraged the recession in order to further widen the gap between the super-wealthy and working people in the USA".... (Palo Alto Online, CA)
Union strikes in Palo Alto Sep 25, 2009
"At the most chaotic juncture in Iraq'' civil war, a new law is unveiled that will allow Shell and BP to claim the country's vast oil reserves Immediately following September 11, the Bush Administration quietly outsources the running of the 'War on Terror' to Halliburton and Blackwater After a tsunami wipes out the coasts of Southeast Asia, the pristine beaches are auctioned off to tourist resorts New Orleans residents, scattered from Hurricane Katrina, discover that their public housing,... (Palo Alto Online, CA)
* Economists need to study bubbles, reinvent models Sep 22, 2009
Milton Friedman and Anna Schwartz, in their 1963 book A Monetary History of the United States, showed that monetary-policy anomalies X a prime example of an external shock X were a significant factor in the Great Depression of the 1930s. Economists such as Barry Eichengreen, Jeffrey Sachs and Ben Bernanke have helped us to understand that these anomalies were the result of individual central banks efforts to stay on the gold standard, causing them to keep interest rates relatively high... (Taipei Times, Taiwan -- World Business)
Letter: Capitalism did not fit Poland well Sep 18, 2009
Instead, what Solidarity's leadership received was the neo-conservative economic program of Milton Friedman demanded by the International Monetary Fund. Polish workers who had struggled to establish a just and equitable economic system were advised by Jeffrey Sachs to accept what he described as "the shock therapy" of unregulated capitalism. (Montana Standard, MT)
Lessons from Lehman's Failure Sep 14, 2009
Professor of Finance at the University of Pennsylvania's Wharton School and author of Stocks for the Long Run"We learned from the mistakes of the 1930s, in particular the mistakes mentioned by Milton Friedman in his critique of Fed policy during the Great Depression. Friedman thought that the Fed should have provided liquidity and reserves at that time. Current Fed Chairman Ben Bernanke is taking his strategy page by page out of that critique. When I look at the situation--the liquidity... (BusinessWeek)
Health reform and illegal immigration: the truth Sep 13, 2009
To quote conservative economist Milton Friedman, Its just obvious that you cant have free immigration and a welfare state. . (Paragould Daily Press, AR)
Why the best and brightest were upended Sep 12, 2009
Professor Geoff Harcourt and nine other British and Australian academics wrote to the Queen last month, saying they agreed with the complaints of three Nobel Prize winners - Ronald Coase, Milton Friedman and Wassily Leontief - that ''economics has turned virtually into a branch of applied mathematics, and has become detached from real-world institutions and events. What has been scarce,'' they wrote, ''is a professional wisdom informed by a rich knowledge of psychology, institutional structures... (Sydney Morning Herald -- Business)
The Responsibility Revolution Sep 11, 2009
" We learned this all over again after the collapse of Lehman Brothers, the shame of subprime mortgages and the brazen Ponzi scheme of Bernie Madoff. But even amid the Great Recession of 2009, people have been trading in their SUVs for Priuses, buying record amounts of fair-trade coffee and investing in socially responsible funds at higher rates than ever before. What we are discovering now, in the most uncertain economy since FDR's time, is that enlightened self-interest call it a shared sense... (Time.com)
The Bottom Line: Gov't control of health care carries too much risk to the patient Sep 10, 2009
Economist Milton Friedman once remarked, "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand." It is for this reason that we do not have government-run grocery stores to increase competition. Since the potential benefits of a public option are slim to none, what risks would we take in creating one. (The Loyola Greyhound, MD)
Random Walk: On Yucca, NICE, Locavores, Sarah and John, Etc. Sep 10, 2009
Vouchers were first conceived by Milton Friedman, the late Nobel economist, as a way inexpensively to raise the quality of education, especially for the economically disadvantaged. The left views them with dread -- and a threat to union-monopoly public schools, especially in urban areas where poverty tends to be highest and teacher's-union power strongest. (Townhall.com)
The Fed as Perpetual Motion Machine Sep 10, 2009
The generation that I grew up under, which included both Milton Friedman on the right and Jim Tobin on the left, were independent of the Fed. They sent students to the Fed and they influenced the Fed, but there wasn t a culture of consulting, and it wasn t the same vast network of professional economists working there. (The American Conservative)
Inflation and Deficits Sep 9, 2009
As the late Nobel Laureate Professor Milton Friedman said, "(I)nflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.". Thinking of inflation as rising prices permits politicians to deceive us and escape culpability. (Townhall.com)
UN wants new global currency to replace dollar... Sep 9, 2009
UN wants new global currency to replace dollar - Telegraph. Wednesday 09 September 2009. (The Drudge Report)
Money-supply data: Narrow success, broad concerns Sep 9, 2009
INFLATION is always and everywhere a monetary phenomenon, said Milton Friedman. So when central banks started pursuing unorthodox monetary policies, including the purchase by central banks of government debt, to boost their economies, some commentators started muttering about the possibility of a descent into Weimar-style hyperinflation. (The Economist)
China alarmed by US money printing... Sep 8, 2009
" Yet the consequences are not symmetric. "He who goes borrowing, goes sorrowing," said Mr Cheng. It was a quote from US founding father Benjamin Franklin. http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html RELATED PARTNERS More on Comments: 108 We're printing money because of Milton Friedman. http://www.reason.com/news/show/135804.html Penn on September 08, 2009 at 09:00 AM This beautiful country is unfortunately destroyed by the the Elite bankers,... (The Drudge Report)
Lessons from a virtual bank run Sep 8, 2009
The rise of Milton Friedman and resurgence of neoclassical economics pushed Keynes to the side. The most striking aspect of Krugman's new feature, I think, is his contention that the renewed relevance of Keynes, in the wake of the financial crisis, has driven the neoclassical Chicago schoolers into a frenzy. (Salon)
City of dreams: A radical plan for helping poor countries Sep 6, 2009
Romer s charter cities, he argues, are almost a kind of Milton Friedman Disneyland. Romer concedes the outsized ambition of his plan, but he sees it as far better than the timid tinkering that is, he believes, characteristic of foreign aid today. (Boston Globe)
Conservatism's Exaggerated Death Sep 4, 2009
One might as well argue that since for Marx all human beings are by nature free conscious producers and since politics depends on economics, Milton Friedman belongs among the outstanding Marxist intellectuals of the past half-century. Imbalanced also is Tanenhaus's reduction of movement conservatism in America to a contest between realists and revanchists. (CBS News -- Opinion)
Controversy aside, Hanley is the MVP Sep 4, 2009
Every year since 1946, University of Chicago scholars, including such eminences as Allan Bloom and Milton Friedman, have come together to debate the relative merits of delicious latkes (fried potato pancakes) and vile hamentashen (cookies with sweet filling, often made of prunes), presenting papers with titles like "The Archetypal Hamentasch: A Feminist Mythology" and offering learned disquisitions on whether or not Finnegans Wake is a tribute to the latke. After the thundering denunciations are... (SportsIllustrated.CNN)
Youth and the "Anti Establishment" Movement Sep 3, 2009
Economics is NOT taught much in the States, and sometimes BS is taught instead, but a REAL economist, Milton Friedman, noted that we would pay LESS THAN HALF what we do now and HAVE BETTER quality care (as in more access, more new developments, more choice) IF we had a free market. Wonder if he was right. (Townhall.com)
Reform would gut home health care Sep 1, 2009
As economist Milton Friedman once said, There is no such thing as a free lunch. Unfortunately, it is the home-bound, the very sick and the disabled who may be the first who will have to pay the price for the politicians so hellbent on financing free health care for all. (Atlanta Journal-Constitution -- Opinion)
Norway's Iraqi ace-in-the-oil-well Sep 1, 2009
Milton Friedman's teacher Jacob Viner always argued that it was "unbalanced deflation" -- i.e., declines in asset prices and wages and incomes while debts remained the same -- that was the cause of the Great Depression ... Never mind that Hoover spent decades after his spectacularly failed presidency bemoaning And never mind that the definitive conservative economic treatment of the Great Depression, Milton Friedman and Anna J. Schwartz's "A Monetary History of the United States," pinpoints... (Salon)
Beryl Sprinkel, economist, adviser to Reagan; at 85 Aug 30, 2009
Dr. Sprinkel, the protege of conservative economic guru Milton Friedman, taught economics at the University of Chicago and was executive vice president and economic adviser of Harris Trust and Savings Bank in Chicago for nearly 30 years. He joined the administration of President Reagan in 1981 as undersecretary of the Treasury for monetary affairs and was Treasury Secretary Donald Regan s principal negotiator on issues of Third World debt and the financing of the International Monetary Fund and... (Boston Globe)
How many oil speculators do we need? Aug 29, 2009
"In the review of the data in this brief paper, we find that noncommercial players now constitute about 50 percent of those holding outstanding positions in the U.S. oil futures market, compared to an average of about 20 percent prior to 2002. The change in market composition was driven by the rapid entry of noncommercial participants and was the principal factor behind the increase in total open interest. It is also highly correlated with the run-up in oil prices. Moreover, as will be expounded... (Salon)
Conservative Curriculum Quotas? Aug 28, 2009
John Rawls, Edmund Burke, Adam Smith, Karl Marx, J. S. Mill, J.-J. Rousseau, Howard Zinn, Robert Nozick, Ayn Rand, Russell Kirk, Paulo Freire, C. Wright Mills, Ludwig von Mises, Martha Nussbaum, Michael Oakeshott, Eric Voegelin, Albert Jay Nock, Reinhold Niebuhr, Charles Reich, Herbert Marcuse, Angela Davis, Alasdair MacIntyre, William F. Buckley, Barbara Ehrenreich, Milton Friedman, Murray Rothbard, John Kenneth Galbraith, Charles Taylor, F.A. Hayek. Who is missing. (The American Conservative)
One Long Shot to Watch Aug 27, 2009
He has a Harvard law degree and a doctorate in economics from the University of Chicago, where his faculty adviser was Milton Friedman. He clerked for Supreme Court Justice Byron White. (Townhall.com)
Read the 'JER' transcript Aug 25, 2009
MO 00000B50 ORE: The great towering economist, Rose Friedman, wife of Milton Friedman, died this week. She was a lovely lady and an incredibly influential economist. (Fox News)
Rose Friedman, economist promoted freedom; at 97 Aug 20, 2009
Milton Friedman, recipient of the 1976 Nobel Prize in economics, credited his wife with being an active partner in all his work since they met in the early 1930s, according to his autobiography posted online by Nobel organizers ... She attended Reed College in Portland before transferring to the University of Chicago, where she met Milton Friedman in an economics class ... We were married six years later, when our Depression fears of where our livelihood would come from had been dissipated, and,... (Boston Globe)
Herbert Peter: Climate? Keep the change Aug 19, 2009
One of my favorite quotes from Milton Friedman is this: If the federal government controlled the Sahara Desert, in five years it would run out of sand. In his book Money Mischief, he stated a more factual prophecy: that the government s reckless policies will cause hyper inflation and destroy our nation. (Winona Daily News, MN)
Health Care Socialism, Fascism, or Freedom? Aug 14, 2009
In 1974, the great Nobel laureate economist Milton Friedman said. The two chief enemies of the free society or free enterprise are intellectuals on the one hand and businessmen on the other, for opposite reasons. (Human Events Online)
Selling to NBN could rebound Aug 14, 2009
The famous quotation of the late economist Milton Friedman that the "social responsibility of business is to increase its profits" is still very much descriptive of reality. One of the problems of preferring social or stakeholder interests, by contrast, is to work out which stakeholders should be preferred and under what circumstances. (Sydney Morning Herald -- Business)
What Republicans Can Learn From Andrew Jackson Aug 13, 2009
Attacks on the Fed have since come from the Right as well, with free-market economists such as Milton Friedman and Murray Rothbard blasting the central bank for constricting the money supply in the 1930s (which led to the Great Depression) and the expansionist credit and currency policies of the 1960s and 70s (which led to the Great Inflation). The secrecy and concentrated financial power of central banking has always aroused populist suspicions. (The American Conservative)
Who's Un-American? Aug 12, 2009
Check out Milton Friedman on health care. He said we're overpaying about two times what we SHOULD and WOULD under a FREE MARKET.Then look at LASIK and plastic surgery prices and see that he IS correct. (Townhall.com)
Democracy at Work is Not "Un-American" Aug 12, 2009
Milton Friedman said we'd pay less than HALF for health care IF it were free market. He is right. (Townhall.com)
Big Business Goes Big for Health Care Reform Aug 12, 2009
Columns, funnies in your inbox. Townhall Daily Alert Your daily must-read of conservative columns, cartoons and news. (Townhall.com)
The Rubes of Engagement Aug 12, 2009
Milton Friedman noted that IF we had a free market in health care (which we absolutely DO NOT) we'd pay about half what we do now. Think he was crazy. (Townhall.com)
Nobel Economist: The Worst is Over Aug 11, 2009
Milton Friedman had one too for his nutty ideas that the markets would regulate themselves. We all saw how well that theory worked when Bush and the GOP put those "theories" into practice. (CBS News)
China Reports Bomb Threat on Plane Aug 10, 2009
In the wake of Nixon, Reagan, Bush1 and Bush2, the air still reeks of a lingering, 1980's pop-economic fascination with supply-sider dogmas-- Milton Friedman, along with co-conspirators at Cato, Stanford, Hoover and other GOP ideology factories. Meanwhile, America's beleaguered middle-class, which cannot afford even its own health care, ends up with the damages for a decades-long "Conservative Revolution". (CBS News -- World)
* Will the world miss an opportunity for true economic reform? Aug 7, 2009
The analogy popularized by the great monetarist economist Milton Friedman was that the central bank could always deal with deflationary problems by dropping money from a helicopter. But, in the real world, not everyone is underneath the helicopter when it makes the drop. (Taipei Times, Taiwan -- World)
Click to read:Pot Tax Has $1.4B Potential in California Aug 3, 2009
"When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn?t that exactly what?s been happening with drugs?" - Milton Friedman quote on Marijuana. The illegality of cannabis is outrageous, an impediment to full utilization of a drug which helps produce the serenity and insight, sensitivity and fellowship so desperately needed in this increasingly mad and dangerous world. (CBS News)
Anna Schwartz: Dump Ben Bernanke Aug 1, 2009
Bernanke has mishandled the financial crisis, argues Schwartz, who co-authored seminal works with Nobel laureate Milton Friedman. I am certain that there are economists whose reputations for outstanding academic work in monetary policy are every bit as distinguished as Mr. Bernankes, and who have good judgment and experience within the Federal Reserve System, she writes in The New York Times. (Newsmax)
The hole inour universe Jul 31, 2009
" My thinking was that this question would generate some thoughtful discussion about the Austrian school of economics, which agrees that massive increases in the money supply is a Bad, Bad Thing (BBT), or maybe bring up a reference to Milton Friedman, who correctly said that "Inflation is always and everywhere a monetary phenomenon" upon which she which would contemplate and come to the correct conclusion, which is that we need to buy as much gold and silver as we can, to protect ourselves... (Asia Times Online)
The worst healthcare reform option: Doing nothing Jul 29, 2009
The pro case is strengthened further when you look at the anti position, presented by Anna Jacobson Schwartz, an economist most famous for being the co-author, with Milton Friedman, of "A Monetary History of the United States.". Schwartz kicks off by arguing that Bernanke is guilty of serious "sins of commission." As example A, she writes. (Salon)
Parents need educational choice for kids Jul 25, 2009
The Nobel Prize-winning economist Milton Friedman called these benefits neighborhood effects. Critics most often public sector unions miss the point. (Orangeburg Times and Democrat, SC)
It'stime to revampthe Federal Reserve Jul 25, 2009
The late Milton Friedman, a student of Simons, was a proponent of a fixed money rule consistent with a stable growth of money supply at about 2 to 5% a year. Harry Johnson, while sympathetic to fixed rule, repudiated discretionary rule and called for a democratic control of the Fed by bringing it under the control of elected officials both in the executive and legislative branches. (Asia Times Online)
Awash in nonsense Jul 22, 2009
And the reason that I am so sure of things turning into a BWPOFC is that, as Milton Friedman so famously said, "Inflation is always and everywhere a monetary phenomenon", which seemingly guarantees inflation in consumer prices as a result of all of this new money flooding into the world's economy, which is a monetary phenomenon in itself, in that it has only been tried by desperate countries in a last-ditch, kamikaze blaze of what they hoped would be glory, but was instead, always and... (Asia Times Online)
The rich already pay fair share of taxes Jul 18, 2009
Finally, a response to the statement that the tax cuts are "heavily tilted toward the wealthy." Since this group already pays 65 percent of the tax, it does not take Milton Friedman to figure out that any changes to the tax rates are going to benefit the group that pays the majority of the tax. Give me a break. (Albany Times Union)
Overselling school choice Jul 16, 2009
When Nobel Prize-winning economist Milton Friedman wrote in 1955 that the best way to improve schools was to empower parents, he planted the seed of what has grown into the charter school movement. 07. (San Francisco Chronicle -- Opinion)
Click to read:Inside Holland's "Half Baked" Pot Policy Jul 15, 2009
"- Milton Friedman quote on Marijuana"It really puzzles me to see marijuana connected with narcotics. dope and all that crap. (CBS News)
Five Americans Inducted Into Free Market Hall of Fame Jul 15, 2009
The first induction ceremony was held last year, and the recipients were Scottish economist and philosopher Adam Smith; French writers J.-B. Say and Frederic Bastiat; Austrian economists Carl Menger, Ludwig von Mises, and Friedrich Hayek; American writer Ayn Rand; and American economist Milton Friedman ... Two of his books highlight Milton Friedman's career: and "." Check out his latest book or and He is the producer of FreedomFest, the world's largest gathering of free minds, in Las Vegas every... (Human Events Online)
