| 单词 | Milton Friedman |
| 例句 | It was the economist Milton Friedman who helped come up with a solution to this one: automatic tax withholding from employees’ paychecks. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything 2005-04-12T00:00:00Z And while Milton Friedman’s early days as a Keynesian and supporter of the New Deal are mentioned, there is no real examination of his evolution into an influential champion of free markets. Books of The Times: ?Grand Pursuit? by Sylvia Nasar - Review 2011-12-01T22:20:40Z Milton Friedman, who needs no identification, was Jewish by birth but nonobservant. The Religious Roots of Our Free Enterprise System 2021-01-26T05:00:00Z But Milton Friedman and Maggie Thatcher were not baby boomers… and I don't think we can be held responsible for all the excesses of an economic liberalism they brought in their train. Talkin' 'bout my generation 2010-08-21T23:06:00Z Famed economist Milton Friedman once promised that there’s no such thing as a free lunch, and he was right. Why America hates its poor 2015-04-11T04:00:00Z The man with the Bomba cigar starts yelling as a group of Sanders supporters slips past: “You can’t be that stupid! Read an economics textbook — Milton Friedman!” Biden’s spin doctors, Beto’s flop, a sea of sweat: The madness after the Miami debates. 2019-06-28T04:00:00Z It talks about the Koch brothers, the economist Milton Friedman and that bulls**t trickle-down economics. "We want a contract": Greed and racism are why Amazon denies its workers unions, says labor leader 2023-06-28T04:00:00Z His mother handed out leaflets for George McGovern, but he fell for Reagan after reading Milton Friedman in high school. George Conway is the man at the center of everything 2017-05-13T04:00:00Z In 1955, economist Milton Friedman brought them into the national spotlight in a paper titled, “The Role of Government in Education.” Why religious fundamentalists are so excited about charter schools 2014-03-26T11:50:00Z Except he’s talking about the American economist Milton Friedman, of the University of Chicago, whose prescriptions Pinochet followed. ‘The Cordillera of Dreams’ Review: From the Heights to the Depths 2020-02-11T05:00:00Z But the solution offered by Jensen, Milton Friedman and others was extreme. The Forces That Are Killing the American Dream 2019-09-10T04:00:00Z Wanting to diversify into something less vulnerable to weather, Melamed went to economist Milton Friedman to discuss his idea of trading in financial futures, prefacing their talk with "Please, don't laugh." Man saved from Nazis by 'Japan's Schindler' returns on journey of homage 2014-06-30T04:00:00Z And the economist Milton Friedman, whose laissez-faire economic theories were embraced by Margaret Thatcher and Ronald Reagan, is portrayed as a kind of Antichrist foreshadowing the global meltdown of 2008. Review: ‘The Emperor’s New Clothes,’ a Documentary About Income Inequality 2015-12-15T05:00:00Z The groom is a paternal grandson of Milton Friedman, a Nobel Prize-winning economist. A Commitment for More Than One Lifetime 2018-02-10T05:00:00Z Neoliberals like Milton Friedman were advising the Pinochet military dictatorship in Chile, while successive American administrations resorted to Keynesian fiscal maneuvers to fund the prolonged bloodshed of the Vietnam War. John Maynard Keynes Died in 1946. An Outstanding New Biography Shows Him Relevant Still. 2020-05-20T04:00:00Z Mr Ma rejects Milton Friedman’s nostrum that “the business of business is business”, namely that companies exist only to make a profit and that philanthropy should be strictly personal. Crocodile of the Yangzi 2016-04-07T04:00:00Z The idea that business should focus only on making money, attributed to the economist Milton Friedman, “was a simple and direct idea that took over business, banking, even corporate law,” Hubbard explained. At Columbia’s $600 Million Business School, Time to Rethink Capitalism 2023-01-05T05:00:00Z A striking number of free-market economists, worshippers at the feet of Milton Friedman and his Chicago colleagues, have lined up to don sackcloth and ashes and swear allegiance to the memory of Keynes. Tony Judt: A manifesto for a new politics 2010-03-20T00:07:00Z It was very much about "freedom to choose," a phrase we know know from Milton Friedman's work. Lies, damned lies and "corporate bulls**t": A consumer's guide to bad-faith arguments 2023-10-29T04:00:00Z He now has at least four dogs: Murray, Milton, Robert and Lucas, named after liberal economists including Milton Friedman. Javier Milei: who is Argentina presidential hopeful and what are his policies? 2023-10-23T04:00:00Z The economist Milton Friedman said in the 1960s that the Fed’s policies work with “long and variable lags,” and yet now Fed officials disagree with how long they are. 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone 2023-10-09T04:00:00Z The first economics prize was awarded the following year and past winners include a host of influential thinkers and academics such Friedrich August von Hayek, Milton Friedman and, more recently, U.S. economist Paul Krugman. Nobel economics prize goes to Claudia Goldin 2023-10-09T04:00:00Z The influence of the econcons peaked in the late 1970s with Milton Friedman's monetarism and Arthur Laffer's curve. There's no such thing as a conservative intellectual — only apologists for right-wing power 2023-07-01T04:00:00Z But, again needing financial support, he returned to the University of Chicago, where he studied under the conservative economist Milton Friedman, who would receive the Nobel in economics in 1976. Robert E. Lucas Jr., Nobel-Winning Conservative Economist, Dies at 85 2023-05-17T04:00:00Z It's nominally tax-exempt, but deeply anchored in the "greed is good" philosophy of Milton Friedman. Unions leveling Rutgers wealth pyramid from the bottom up 2023-04-18T04:00:00Z But in the 1970s, the influential economist Milton Friedman popularized the idea that companies’ only duty was to maximize shareholder profit. Critics of corporate diversity efforts emerge, even as initiatives falter 2023-04-01T04:00:00Z On several occasions, he cited the economist Milton Friedman, the godfather of libertarian economic policies, a sign of the more ideas-driven discourse he planned for the three-day retreat. At House Republican Retreat, the Focus, Once Again, Is on Trump 2023-03-21T04:00:00Z Milton Friedman, the free-market economist, supported some form of a universal basic income as a more efficient way to distribute income than existing bureaucracies. Oregon opens the door to universal basic income in WA 2023-03-10T05:00:00Z Economic wonks may look back further to Milton Friedman’s 1970 theory on maximizing shareholder wealth. How free-market extremism became America's default mode 2023-02-27T05:00:00Z Mr. Kato later explained that he had volunteered this Milton Friedman gospel only because he figured that nobody else would. Have the Anticapitalists Reached Harvard Business School? 2022-11-28T05:00:00Z At the same time, Bernanke provided evidence on why bank runs matter and, although he avoided saying so directly, why Milton Friedman was wrong about the causes of the Great Depression. A Nobel Prize for the economics of panic 2022-10-14T04:00:00Z Economics students may remember Milton Friedman saying: “Inflation is always and everywhere a monetary phenomenon.” Bad News From the Fed? We’ve Been Here Before. 2022-09-22T04:00:00Z The Heritage report is part of a similar long game, declaring in its opening paragraphs that "America has never been closer than it is today to realizing Milton Friedman's vision for universal education choice." Florida ranked No. 1 for "education freedom" — by right-wing group that wants to privatize it all 2022-09-10T04:00:00Z His family foundation has supported the University of Chicago's Becker Friedman Institute for Economics, named after two of the Chicago school's intellectual leaders, Gary Becker and Milton Friedman. Secretive billionaire handed his fortune to architect of the right-wing takeover of the courts 2022-08-24T04:00:00Z They emerge with the ability to at least feign intimate knowledge of the godfather of shareholder primacy, referred to in one classroom as “our buddy Milton Friedman.” Have the Anticapitalists Reached Harvard Business School? 2022-11-28T05:00:00Z As I said, this was a tacit rejection of Milton Friedman. A Nobel Prize for the economics of panic 2022-10-14T04:00:00Z Fed officials often note the economy is slow to adjust to changes in monetary policy, which, quoting American economist Milton Friedman, they say operates with "long and variable lags." As Fed warns of turbulence ahead, markets remove their seat belts 2022-08-15T04:00:00Z Milton Friedman claimed that school vouchers would solve all the "critical problems" faced by schools. Florida ranked No. 1 for "education freedom" — by right-wing group that wants to privatize it all 2022-09-10T04:00:00Z The idea of having a fully independent central bank was discussed by economist Milton Friedman in 1962, who dismissed it on the ground that it wouldn't survive the first "real conflict" with government. Factbox: What is central bank independence? 2022-08-05T04:00:00Z Many economists look, as Milton Friedman and Paul Volcker did, to measures of money supply or projected government debt for guidance on inflation. Opinion | The stock market liked the Fed’s plan to raise interest rates. It’s wrong. 2022-03-17T04:00:00Z Gone are the days of the Friedman Doctrine, enunciated in 1970 by the influential laissez-faire economist Milton Friedman. Opinion | Corporations’ quick shunning of Russia showcases the new morality of doing business 2022-03-11T05:00:00Z He calls himself a “radical skeptic” but, unlike his mentor, Milton Friedman, another Nobel laureate in economics from the University of Chicago, he doesn’t prescribe public policy solutions. Talking War and Market Volatility With a Giant of Economics 2022-03-03T05:00:00Z "Heritage boasting about realizing Milton Friedman's dream reveals the agenda — to abolish public schools and put every child on a voucher in segregated schools." Florida ranked No. 1 for "education freedom" — by right-wing group that wants to privatize it all 2022-09-10T04:00:00Z As likely to reference Nelson Mandela as Milton Friedman, and to begin their mornings with meditation sessions, these Davos men tout their giving to charity and their commitments to “stakeholder capitalism.” Review | Democracy is under threat. Are billionaires to blame? 2022-03-04T05:00:00Z The free-market worldview was most forcefully promoted in the 1960s and 1970s by a group of economists at the University of Chicago, led by Milton Friedman, and became known as the Chicago school. What Can Replace Free Markets? Groups Pledge $41 Million to Find Out. 2022-02-16T05:00:00Z One of those who encouraged Ms. Cook to keep studying this interrelationship was Nobel Prize winner Milton Friedman, the avatar of free-market economics. Opinion | Republicans keep attacking a highly qualified Black female Fed nominee 2022-02-10T05:00:00Z “As a student of Milton Friedman, you must have a view on inflation,” I said. Talking War and Market Volatility With a Giant of Economics 2022-03-03T05:00:00Z In fact, her work on innovation and economic growth garnered praise from Milton Friedman and other prizewinning economists. Opinion | Lisa Cook well deserves her nomination to the Federal Reserve 2022-02-07T05:00:00Z On the streets and in classrooms, Karl Marx and Friedrich Engels gave way to economists Milton Friedman and Friedrich von Hayek. Review | When communism crumbled, so did an 11-year-old’s reality 2022-01-21T05:00:00Z In an interview in October, Cook said that despite encouragement from prominent economists such as Milton Friedman and George Akerlof, she struggled for years to get the paper published. Biden chooses 3 for Fed board, including first Black woman 2022-01-13T05:00:00Z Porter, 55, is a great-nephew of the economist Milton Friedman. The Teenagers Getting Six Figures to Leave Their High Schools for Basketball 2021-11-30T05:00:00Z Milton Friedman began selling neoliberalism to America in the 1950s, and we fully bought into it in the 1980s. The crisis of neoliberalism: America arrives at one of history’s great crossroads 2021-08-15T04:00:00Z One is Milton Friedman, with his shareholder primacy — the excessive, obsessive focus on profits as the key thing that matters. Hubert Joly Turned Around Best Buy. Now He’s Trying to Fix Capitalism. 2021-07-15T04:00:00Z Go back to the ’80s and it was all about Milton Friedman — the shareholders are the only responsibility of a corporation. ‘Our Menu Is Very Darwinian.’ Leading McDonald’s in 2021. 2021-07-02T04:00:00Z For a long time, I was sort of a Milton Friedman person: “The purpose of the corporation is to create value for the shareholder.” The C.E.O. of UPS on Voting Rights and Vaccine Delivery 2021-06-17T04:00:00Z You don’t need to be a disciple of Milton Friedman, the great monetarist, to see it. Now That Everyone Is Bullish, Be Cautious 2021-04-23T04:00:00Z Milton Friedman, the Nobel laureate, is said to have joked that if the federal government were put in charge of the Sahara, in five years there would be a shortage of sand. Why the Markets Need a Strong Government Hand 2021-04-02T04:00:00Z Milton Friedman famously advised that President Reagan's 1981 tax cut couldn't fail. Welcome to the age of Modern Monetary Theory: It's turning conventional economics upside down 2021-03-20T04:00:00Z By the 1960s, even conservative economist Milton Friedman admitted, “We are all Keynesians now.” Go big: Why Biden’s stimulus is the best medicine 2021-02-12T05:00:00Z How did you move from the Milton Friedman perspective to the stakeholder view? The C.E.O. of UPS on Voting Rights and Vaccine Delivery 2021-06-17T04:00:00Z As opposed to universal income, I would favor Milton Friedman’s idea of a negative income tax. He's a Republican, a Wall Street financier, and a supporter of 'Medicare for all' 2020-11-30T05:00:00Z These calls for reform bring me to Emily’s other recommendation, an infamous 50-year-old essay, “The Social Responsibility of Business Is to Increase Its Profits,” by economist Milton Friedman. Big Tech, Out-of-Control Capitalism and the End of Civilization 2020-10-07T04:00:00Z His most original insight is the linking of Milton Friedman, first among free market evangelists, to the spirit of the ’60s counterculture. Review: How Reagan and the finance bros gave us Trump 2020-10-08T04:00:00Z I certainly hope Milton Friedman’s followers will rethink corporate economics. Opinion | Profits and Social Responsibility: Revisiting Milton Friedman 2020-10-03T04:00:00Z When Benson thinks of cruise ships, he often thinks of Milton Friedman, the Nobel prize-winning economist, and his landmark essay, The Social Responsibility of Business is to Increase its Profits. ‘We want our island back’: the group that wants to ban cruise ships from the Florida Keys 2020-10-01T04:00:00Z This will require rejecting Milton Friedman’s outmoded ideology: the dogma that a company must put shareholder value above all other objectives. Opinion | Are You Willing to Give Up Your Privilege? 2020-06-25T04:00:00Z It was then, however, that Milton Friedman’s decade-earlier opinion piece in The New York Times Sunday Magazine titled “The Social Responsibility of Business is to Increase Its Profits” began to dominate the private sector. CEOs, do the right thing 2020-06-12T04:00:00Z The free-market economist Milton Friedman once quipped that there is nothing so permanent as a temporary government program. Dem lawmakers eye 'opportunity' for historic expansion of government amid coronavirus crisis 2020-04-23T04:00:00Z Reading the article on Milton Friedman’s seminal essay published 50 years ago, I need only look out the window to see the results of his libertarian economic ideology. Opinion | Profits and Social Responsibility: Revisiting Milton Friedman 2020-10-03T04:00:00Z As free market economist Milton Friedman aptly put it: “Only a crisis – actual or perceived – produces real change.” After coronavirus, the left must be ready to cure all our social ills | Owen Jones 2020-04-02T04:00:00Z Such economists, such as Anna J Schwartz and Robert Lucas, harkened back to the work of Milton Friedman, who died in 2006. Republican support of big bailouts reeks of hypocrisy | Bruce Bartlett 2020-03-28T04:00:00Z He argued that Thomas Paine, Martin Luther King, Richard Nixon and Milton Friedman all backed similar ideas, while oil-rich Alaska pays an annual dividend to citizens. Andrew Yang fell short but outsider campaign's fresh ideas struck a chord 2020-02-11T05:00:00Z Some of the arguments used by segregationists then, Suitts revealed, were borrowed from the intellectual father of today’s school choice movement, Milton Friedman. Perspective | A provocative argument on segregation, school choice and shared language 2020-01-24T05:00:00Z I’m pleased to see the renewed interest in the ideas of Milton Friedman. Opinion | Profits and Social Responsibility: Revisiting Milton Friedman 2020-10-03T04:00:00Z Inflation, according to economists such as Milton Friedman, was caused by profligate governments printing too much money to pay for excessive wage settlements and public spending pledges. Davos 2020 should be all about climate crisis but Trump won't admit it | Larry Elliott 2020-01-19T05:00:00Z The year before an influential paper written by Milton Friedman, the Nobel prize winner who turned free markets into a religion, advocated for an all- volunteer Army. Reconciling Dr. King’s 1968 dream and our 2020 nightmare 2020-01-12T05:00:00Z On the flight, she started talking about how we got to the current moment in American politics, naming figures ranging from Martin Luther King, Jr., to Margaret Thatcher and Milton Friedman. The Ultra-Wealthy Who Argue That They Should Be Paying Higher Taxes 2019-12-30T05:00:00Z She takes heart from an unlikely source: the free-market economist Milton Friedman, who taught one of her classes when she was a student at the University of Chicago. Meet the scholar who diagnosed ‘surveillance capitalism’ 2019-12-11T05:00:00Z The idea of neoliberalism took shape during the Great Depression and after World War II, when economists Milton Friedman and Friedrich Hayek watched in growing dismay at “collectivism” or state intervention in the economy. A new generation is rising up to resist neoliberalism across the globe 2019-11-30T05:00:00Z Like those economic policies of Milton Friedman, they are the architectures we can’t see, but which ultimately control how we live and how we design. Cities around the world are erupting in protest — an architecture biennial examines why 2019-11-20T05:00:00Z As a concession to the bully, Burns goosed the money supply, but not enough to please the insatiable Nixon, and in the process irritating the free-market economist Milton Friedman. Opinion | Trump Isn’t the First President to Make War on the Federal Reserve 2019-11-16T05:00:00Z My real political views started forming when I studied economics in college during the 1970s and read the works of Milton Friedman, the defender of free markets and limited government. Why a ‘Republican Economist’ Plans to Vote in the Democratic Primary 2019-11-14T05:00:00Z And that inequality, says Richard Davies, can be traced back to the economic policies of a group known as the ‘Chicago Boys’ – who learned their ideas from an American, Milton Friedman. US briefing: Televised impeachment hearings, Erdoğan visit and insect apocalypse 2019-11-13T05:00:00Z The economist Milton Friedman would call the bank run that day “the pebble that started an avalanche.” 5 New York Buildings That Changed American History 2019-10-31T04:00:00Z Nobel economist Milton Friedman got there long before he did. Perspective | China is getting exactly what it wants from LeBron James and the NBA: Capitulation 2019-10-16T04:00:00Z A half-century ago, St. Louis officials publicly stumped for the monetarist theories of Milton Friedman and were criticized for clashing with the Fed leadership of the day. Outlier? Influencer? Fed's Bullard catches Trump's eye 2019-10-02T04:00:00Z “It’s not Milton Friedman’s 1970s shareholder value world anymore,” Mr. Dickerson said. The Week the C.E.O.s Got Smacked 2019-09-28T04:00:00Z But some conservatives, including free-market economist Milton Friedman, backed the idea. Editorial Roundup: Excerpts from recent editorials 2019-09-25T04:00:00Z Some of the figures at the heart of the story are famous, like Greenspan and particularly Milton Friedman, who pops up in almost every chapter; others less so, like Oi and Anderson. Review | How economists turned all of society into a market 2019-09-19T04:00:00Z That model dated from 1970, when it was codified by the conservative economist Milton Friedman. Column: Jeff Bezos becomes the first CEO to break his pledge to dump the 'shareholder value' model 2019-09-16T04:00:00Z The free-market ideologue and Nobel laureate economist Milton Friedman was influential not only in spreading the doctrine of shareholder primacy, but also in getting it written into US legislation. Can we trust CEOs' shock conversion to corporate benevolence? 2019-08-29T04:00:00Z Koch organizations funded “Right To Work” initiatives that pushed restrictions on union contracts, even though Milton Friedman himself acknowledged that restricting the right to contract conflicted with libertarian principles. The Koch Brothers tried to build a plutocracy in the name of freedom | Nathan Robinson 2019-08-28T04:00:00Z But three historians who refused to participate in the project left or were removed from their posts at the Chabad-run Milton Friedman University in Budapest this month. Hungary’s Orban hopes a rabbi can save his country’s controversial new Holocaust museum 2019-08-25T04:00:00Z The radical change to the mantra of corporate America comes after decades of following Nobel prize-winning economist Milton Friedman’s philosophy, which dates from 1970, that “the social responsibility of business is to increase its profits”. US companies tell Apple and Amazon to put planet before profits 2019-08-25T04:00:00Z The most important figure, however, was Milton Friedman, an elfin libertarian who refused to take a job in Washington, but whose writings and exhortations seized the imagination of policymakers. Opinion | Blame Economists for the Mess We’re In 2019-08-24T04:00:00Z That CEO was dancing to Milton Friedman’s tune. Reshaping corporations to look beyond shareholders’ profits will take hard work 2019-08-23T04:00:00Z Or, rather, let me highlight the answer that Milton Friedman, the Nobel Prize-winning economist, offered in the New York Times in 1970, when corporate social responsibility was much in vogue. Opinion | It’s hard to argue against firms looking beyond investors. But let me try. 2019-08-20T04:00:00Z It also coincided with the ascent of Milton Friedman, the University of Chicago economist who preached a gospel of profits-as-purpose and mocked anyone who thought that businesses should do anything else. How Shareholder Democracy Failed the People 2019-08-20T04:00:00Z Milton Friedman, the University of Chicago economist who is the doctrine’s most revered figure, famously wrote in The New York Times in 1970 that “the social responsibility of business is to increase its profits.” Shareholder Value Is No Longer Everything, Top C.E.O.s Say 2019-08-19T04:00:00Z The pernicious notion that a corporation exists solely to “maximize shareholder wealth” was most effectively codified by the conservative economist Milton Friedman in a 1970 essay. Column: In shocking reversal, Big Business puts the shareholder value myth in the grave 2019-08-19T04:00:00Z Milton Friedman will be spinning in his grave at the heresy perpetrated by the US Business Roundtable. Is US capitalism really abandoning the 'greed is good' mantra? | Larry Elliott 2019-08-19T04:00:00Z It is a significant departure from the bedrock belief that businesses serve the owners of their capital — a philosophy championed by Nobel Prize-winning economist Milton Friedman that has driven corporate America for decades. Profits for shareholders can't be companies' main goal, top CEOs say 2019-08-19T04:00:00Z Those theories are unrelated to the true conservative ideas of intellectuals such as Friedrich Hayek and Milton Friedman and politicians such as Ronald Reagan and Margaret Thatcher. Opinion | The rise of ‘national conservatism’ 2019-08-15T04:00:00Z Ayn Rand's and Milton Friedman's and the Koch brothers' dreams have become the American people's nightmares. Donald Trump: White welfare king and lord of the great grift 2019-05-16T04:00:00Z He soon received a box of articles and books, including works by Milton Friedman and a treatise on regulatory distortions in the New York taxicab market. John Bolton on the Warpath 2019-04-29T04:00:00Z It is only since the late 20th century and the rise of the economist Milton Friedman, he contends, that “capitalist” stopped being a dirty word. Socialist! Capitalist! Economic Systems as Weapons in a War of Words 2019-04-19T04:00:00Z Even half a century before the free-market economist Milton Friedman captured Chicago’s economics department with dogma that serves the ruling class, Rockefeller called the university “the best investment” he ever made. The man who saw Trump coming a century ago 2019-04-19T04:00:00Z He said he taught about everyone from Karl Marx to Milton Friedman in his history of economics class and hoped that intellectual freedom would remain. South Dakota enacts law to bolster conservative intellectualism at colleges 2019-03-21T04:00:00Z “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax,” the late Nobel laureate economist Milton Friedman said. Alabama editorial roundup 2019-02-27T05:00:00Z There had been a group of economists, mostly at the University of Chicago and led by Milton Friedman, who dissented from Keynes. Opinion | The Real Legacy of the 1970s 2019-02-02T05:00:00Z He also pushed against the notion, long espoused by the economist Milton Friedman, that a company’s only social responsibility is its profits. Larry Fink Calls on Businesses to Lead, Not Just Live, With Purpose 2019-01-17T05:00:00Z For one thing, those terrible, irresponsible Fed actions were pretty much exactly what Milton Friedman prescribed for depressed economies. Conservative economists sell out 2018-12-30T05:00:00Z After a visit to China in 1988, the Nobel laureate Milton Friedman called the party’s strategy “an open invitation to corruption and inefficiency.” The Land That Failed to Fail 2018-11-18T05:00:00Z But then something changed in the 1980s: “Building on work by conservative economist Milton Friedman, a new theory emerged that corporate directors had only one obligation: to maximize shareholder returns.” Think Bernie Sanders and Elizabeth Warren are the same? They aren't | Bhaskar Sunkara 2018-10-23T04:00:00Z Milton Friedman was the first economist to notice a pattern in American economic history: The deeper the recession, the stronger the recovery. Opinion | Why the ‘Obama Recovery’ Took So Long 2018-09-10T04:00:00Z In the 1980s, Milton Friedman enshrined the idea of shareholder value maximization, which told businesses that their sole purpose was to maximize profit for their owners. Opinion | Elizabeth Warren isn’t out to get capitalism. She’s out to save it. 2018-08-30T04:00:00Z And in the 1970s it was Milton Friedman and Friedrich Hayek. Ten years after the financial crash, the timid left should be full of regrets | Larry Elliott 2018-08-30T04:00:00Z It was first proposed by Nobel Prize-winning economist Milton Friedman in the 1950s. Excerpts from recent editorials in newspapers in Illinois 2018-07-31T04:00:00Z Even a personal warning from legendary economist Milton Friedman didn’t dissuade Nixon from continuing to push for lower interest rates. Trump is pressuring the Fed to keep interest rates low. Nixon actually did it — and damaged the economy 2018-07-27T04:00:00Z Income-share agreements were first proposed by Milton Friedman in 1955, and Yale University briefly experimented with the idea in the 1970s. Colleges offer to pay tuition for part of grads’ future salary 2018-07-20T04:00:00Z Income share agreements were first proposed by Milton Friedman in 1955, and Yale University briefly experimented with the idea in the 1970s. Colleges ask for a share of future salary in lieu of loans 2018-07-20T04:00:00Z In 1978 Milton Friedman argued that you could have open borders or generous welfare states open to all, but not both, without swamping the welfare system. The welfare state needs updating 2018-07-12T04:00:00Z “We had met with him when he was governor in California; we had visited his ranch and seen copies of Milton Friedman and Friedrich Hayek with marginal notes in the book,” Feulner told me. How One Conservative Think Tank Is Stocking Trump’s Government 2018-06-20T04:00:00Z “The corporate mission as practiced today was designed in 1970 by Milton Friedman, when he famously said the social responsibility of the corporation is to improve its products,” Mr. Jones said. New Goldman Sachs Fund Will Track Paul Tudor Jones’s Feel-Good Companies 2018-06-12T04:00:00Z In more modern times, Milton Friedman, darling of laissez-faire economics, embraced the idea of negative income taxes that put cash in the hands of the poorest people. Free Cash to Fight Income Inequality? California City Is First in U.S. to Try 2018-05-30T04:00:00Z But they may help jolt liberals out of their hand-wringing, and shape a new line of market-oriented thinking, as Milton Friedman’s “Capitalism and Freedom” did almost six decades ago. Don’t shrink the role of markets—expand it 2018-05-10T04:00:00Z Burns brought a warning: The president-elect’s advisers, led by Milton Friedman, wanted to replace the Fed chairman with a computer. What the Fed Could Learn From Bitcoin 2018-03-29T04:00:00Z Naturally for a think tank where Milton Friedman spent three decades as a research fellow, the focus is on market solutions more than government mandates. Analysis | The Daily 202: How a conservative think tank is trying to tackle climate change 2018-03-27T04:00:00Z In 1951, he earned a master’s degree at the University of Chicago’s Graduate School of Business, where one of his mentors was Milton Friedman, a leading advocate of free-market economic theory. Peter G. Peterson, financier who warned of rising national debt, dies at 91 2018-03-20T04:00:00Z Michael Greenstone runs the Energy Policy Institute at the University of Chicago and is the Milton Friedman professor of economics at the university. Four Years After Declaring War on Pollution, China Is Winning 2018-03-12T04:00:00Z In 1962, the celebrated economist Milton Friedman, in his book “Capitalism and Freedom,” argued that the only social responsibility of business was to increase profits and play by the rules. On guns, companies are getting out ahead of the politicians 2018-03-02T05:00:00Z The second justification for choice is pragmatic—to spur competition and innovation which would “drag education out of the 19th century”, as Milton Friedman put it. School choice does not work as well as its advocates hope 2018-03-01T05:00:00Z “We are all Keynesians now,” Milton Friedman said. Trump’s infrastructure scheme: Tearing down 150 years of federal support 2018-02-17T05:00:00Z But it is true that the argument that free markets equal progress was most eloquently and influentially advocated by the American economist Milton Friedman. The Rise of China and the Fall of the ‘Free Trade’ Myth 2018-02-07T05:00:00Z Milton Friedman, for example, thought the Fed should be replaced by a computer that would increase the money supply at a steady rate. Monetary policy suffers a shortage of central bankers 2018-01-25T05:00:00Z “The social responsibility of business is to increase its profits,” wrote Milton Friedman, an economist, in 1970. In the Trump era, big business is becoming more political 2017-11-30T05:00:00Z Two decades later, the idea attracted the attention of Patri Friedman, the grandson of the economist Milton Friedman, who seized on the notion. Floating Cities, No Longer Science Fiction, Begin to Take Shape 2017-11-13T05:00:00Z Milton Friedman once joked that if you put the government in charge of the Sahara Desert in five years there would be a shortage of sand. Venezuela Goes Bust 2017-11-14T05:00:00Z He is a president for nihilist billionaires and Milton Friedman apostles. Tom Price is gone. Let us enjoy this moment while it lasts | Ross Barkan 2017-09-30T04:00:00Z For that reason, the economist Milton Friedman argued that "the social responsibility of business is to maximise its profits". How a creative legal leap helped create vast wealth - BBC News 2017-09-03T04:00:00Z Instead, the prevailing view was one articulated by the economist Milton Friedman in The New York Times in 1970: “the social responsibility of business is to increase its profits.” The Moral Voice of Corporate America 2017-08-19T04:00:00Z More than anyone, even Hayek himself, it was the great postwar Chicago economist Milton Friedman who helped convert governments and politicians to the power of Hayek’s Big Idea. Neoliberalism: the idea that changed the world 2017-08-18T04:00:00Z Just 11 years after his death, Milton Friedman is leading an expanding campaign to persuade lawmakers to abolish the federal estate tax. Will Milton Friedman Finally Kill the Death Tax? 2017-08-09T04:00:00Z In a 1955 essay, free market visionary Milton Friedman proposed a revolutionary model of education. Trump Administration Advances School Vouchers Despite Scant Evidence 2017-08-01T04:00:00Z But that wasn’t enough for the acolytes of Ayn Rand, Ronald Reagan and Milton Friedman. A 21st-century form of indentured servitude has already penetrated deep into the American heartland 2017-07-24T04:00:00Z NM: Buchanan was trained at the University of Chicago and was part of the same milieu as Milton Friedman and Friedrich Hayek and others whose names are more well known. The deep history of the radical right’s stealth plan for America 2017-07-20T04:00:00Z Koch saw even such ideologues as Milton Friedman and Alan Greenspan as “sellouts”, as they sought to improve the efficiency of government rather than destroy it altogether. A despot in disguise: one man’s mission to rip up democracy | George Monbiot 2017-07-19T04:00:00Z Were he still alive, Milton Friedman would have said company bosses were doing exactly the right thing. Governments have to invest in the fourth industrial revolution | Larry Elliott 2017-07-16T04:00:00Z For example, Milton Friedman was one of the most influential economists of the late 20th century. How economics became a religion | John Rapley 2017-07-11T04:00:00Z He was my mentor at the University of Chicago, where I studied economics under him and Milton Friedman. Greg Palast: Trump’s tax cuts are more evidence America’s greedy billionaires have staged a political coup 2017-05-06T04:00:00Z Past winners of the Clark medal include some of the most celebrated and influential economists of the past century, including Milton Friedman, Paul Samuelson and Lawrence Summers. David Donaldson, Economist Who Studies Trade Benefits, Wins Clark Medal 2017-04-14T04:00:00Z For Milton Friedman, it was an opportunity to eliminate expensive layers of government bureaucracy. Opinion | How to ensure everyone a guaranteed basic income 2017-03-24T04:00:00Z She studied labor economics under Edwin Witte, one of the fathers of Social Security, and took statistics courses under Milton Friedman, the free-market economist. Dorothy Rice, economist whose research paved the way for Medicare, dies at 94 2017-03-06T05:00:00Z Thus, economists such as the American Nobel laureates James Tobin and Milton Friedman were also invited to China for high-level engagements. The Little-Known Role of Western Economists in Building a Post-Mao China 2017-01-25T05:00:00Z Two years later, he was awarded the Milton Friedman Prize by the libertarian Cato Institute, but was again banned from traveling to Washington, D.C. to accept the award. Liberal economics think tank latest to be silenced in China 2017-01-25T05:00:00Z The libertarian economist Milton Friedman embraced a variant: negative income taxes that would put cash in the pockets of the poor. Free Cash in Finland. Must Be Jobless. 2016-12-17T05:00:00Z Margaret Thatcher and Ronald Reagan owed their world views more to the economists Friedrich Hayek and Milton Friedman than any experience with business. Donald Trump’s Pro-Business Stance Inspires, But Economic Growth Isn’t Assured 2017-01-04T05:00:00Z But in truth his position was swayed by a cabal of Chicago School economists, helmed by Milton Friedman, who hosted a conference on the question of military conscription in 1966. 'Thank you for your service': what we really mean when we salute our troops 2017-01-04T05:00:00Z The economist Milton Friedman said that once, while he was taken to see a canal that was being dug, he expressed astonishment that there was no heavy earth-moving machinery, only men with shovels. Infrastructure projects aren’t jobs programs 2016-11-25T05:00:00Z Mr. Zwolinski’s basic income guarantee is essentially the negative income tax advocated in the 1950s by Milton Friedman, who won the Nobel in economic science in 1976. Handouts With a Twist: Rebuilding America’s Infrastructure 2016-11-11T05:00:00Z Economist Milton Friedman once said, “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” Your 401(k) Doesn’t Need a Federal Babysitter 2016-11-01T04:00:00Z Two centuries later, Milton Friedman noted that trade protectionism “really means exploiting the consumer” by artificially limiting choice and raising prices for the benefit of domestic producers. My Former Republican Party 2016-10-25T04:00:00Z So did Milton Friedman, the guru of conservative economic thinking from the 1960s through the 1980s. Giving Every Child a Monthly Check for an Even Start 2016-10-18T04:00:00Z Milton Friedman argued that, for the less well-off, it was simply a matter of actually taking a job. Obama’s Trickle-Up Economics 2016-09-16T04:00:00Z I profoundly disagree with conservative thinkers such as Ayn Rand, Milton Friedman, Robert Nozick and Leo Strauss, but at least they mounted reasoned arguments based on first principles. As political discourse descends into rage, thank god for Michelle Obama | Will Hutton 2016-10-15T04:00:00Z “Nothing is so permanent as a temporary government program,” economist and Nobel laureate Milton Friedman used to say. California Editorial Roundup 2016-10-12T04:00:00Z A series of future Nobel prize winners, from Friedrich Hayek to Milton Friedman, channelled the ancient critics of democracy by arguing that putting the voters in charge meant short-term impulses would prevail over long-term prudence. How the education gap is tearing politics apart | David Runciman 2016-10-05T04:00:00Z This single-minded focus on profits is largely due to the late Milton Friedman, Nobel Prize-winning economist. How corporations can be a force for good 2016-09-29T04:00:00Z At the home of Milton Friedman and Friedrich Hayek, understanding monetarism and Austrian economics was more engaging than rehashing Keynes. A Safe Space for Unsafe Spaces 2016-09-18T04:00:00Z There is, for one thing, the familiar theory, begun in 1968 by Milton Friedman and myself, that the effect will ultimately fall wholly on the wage and price levels, leaving employment in the end unchanged. Hard Truths About Easy Money 2016-09-08T04:00:00Z A less dramatic change, and one advocated for years by the late Nobel Laureate Milton Friedman, calls for setting a rule to be followed by the Fed. The Recession Roller Coaster 2016-09-06T04:00:00Z No serious economist would claim today that the “dirty float” intervention tactics practiced by numerous countries would be remotely acceptable within the freely flexible exchange-rate system envisaged by Nobel Laureate Milton Friedman. Trump’s Contribution to Sound Money 2016-08-10T04:00:00Z A library displayed Charles Koch’s favorite reads, including books by the economists Milton Friedman and Friedrich Hayek. Despite Donald Trump cementing the GOP nomination, the Koch network keeps its distance 2016-08-01T04:00:00Z 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. Helicopter money talk takes flight as Bank of Japan runs out of runway 2016-07-30T04:00:00Z It is an idea based on a metaphor used by the great economist Milton Friedman nearly five decades ago and given new life in this century by Ben Bernanke. Helicopter Money: Why Some Economists Are Talking About Dropping Money From the Sky 2016-07-28T04:00:00Z Key figures in American economics, such as Irving Fisher and Milton Friedman, have also advocated full-reserve banking. The Central Bankers’ Bold New Idea: Print Bitcoins 2016-07-19T04:00:00Z Helicopter money was coined by American economist Milton Friedman and gained market prominence when Bernanke cited it in a 2002 speech as a way central banks might finance government budgets directly to fight deflation. Japan may be on route for a soft form of helicopter money 2016-07-15T04:00:00Z Interestingly, the idea of a universal basic income is also receiving support on the libertarian right - and indeed the free-market guru Milton Friedman was a fan of a similar idea. Why the right to be lazy is the left's big new idea - BBC News 2016-07-14T04:00:00Z The term derives from a thought experiment made famous by Milton Friedman in a 1969 article. Those Money-Laden Helicopters Hovering on the Horizon 2016-07-06T04:00:00Z However, there are economists that are pointing out the inherent flaw of the free-market theorist, and this is an article about Milton Friedman style laisez-faire economics. How a Quest by Elites Is Driving ‘Brexit’ and Trump 2016-07-01T04:00:00Z Experiments to control the quantity of money in the 1980s, inspired by Milton Friedman, also ended in failure, with central banks fully reverting to using interest-rate policy by the 1990s. The Central Bankers’ Bold New Idea: Print Bitcoins 2016-07-19T04:00:00Z In the 1960s, the economist Milton Friedman proposed a minimum income that was financed through a progressive income tax system. Idea, politics of basic income aren’t new 2016-06-13T04:00:00Z Martin Luther King embraced the idea, but so did the right-wing economist Milton Friedman, while the Nixon Administration even tried to get a basic-income guarantee through Congress. Money for All 2016-06-13T04:00:00Z American economist Milton Friedman, who was a staunch proponent of free market capitalism, supported basic income because, he argued, it would allow what he called "a rag-bag of specific welfare programmes" to be abolished. Switzerland basic income: Landmark vote looms - BBC News 2016-06-03T04:00:00Z Forbes recently called Milton Friedman's assertion about returning value to shareholders as the overarching priority of the CEO of a public company the "dumbest idea in the world." How a Quest by Elites Is Driving ‘Brexit’ and Trump 2016-07-01T04:00:00Z Before the 1970s, neoliberalism was relegated to the obscure margins of mainstream economics, preached by free-market fundamentalists like Milton Friedman and Friedrich Hayek. Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth 2016-05-31T04:00:00Z Respectable cases have been made for a universal income, even by the likes of that great free marketer Milton Friedman. Inattention-to-the-Deficit Disorder 2016-05-26T04:00:00Z Six decades after Milton Friedman proposed school vouchers, the Nobel Prize-winning economist is winning the argument on the policy results if not always on the politics. Vouching for Achievement 2016-05-26T04:00:00Z The university served as the intellectual home of the late economist Milton Friedman, a formidable proponent of uninhibited market forces. Chevron Boss: Climate Change Could Help Business 2016-05-24T04:00:00Z The paper’s authors quote Milton Friedman’s brief for “value-free economics” and reply that such a thing “is no more likely to exist than is the frictionless world of high school physics problems.” When All Economics Is Political 2016-05-14T04:00:00Z Still today, neoliberal ideologues quote Milton Friedman, speaking of the legacy of the reign of far-right, U.S.-backed capitalist dictator Augusto Pinochet as Chile’s “economic miracle.” Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth 2016-05-31T04:00:00Z This idea is often referred to as “helicopter drops,” because Milton Friedman, when he came up with the proposal, decades ago, suggested, half-jokingly, that central bankers could shower banknotes from a chopper. Raghuram Rajan and the Dangers of Helicopter Money 2016-05-13T04:00:00Z When he captured the Republican nomination in his 2012 Senate race, Mr. Cruz said he was “walking in Uncle Milton’s footsteps,” to honor the 100th birthday of the economist Milton Friedman. Ted Cruz’s Conservatism: The Pendulum Swings Consistently Right 2016-04-17T04:00:00Z In other words, they've put their faith in rocks rather than economists, including Milton Friedman. On this issue, Donald Trump knows a lot more than other Republicans. Sad! 2016-04-22T04:00:00Z Milton Friedman wrote in 1991 that the computer revolution had “induced economists to carry reliance on mathematics and econometrics beyond the point of vanishing returns.” When All Economics Is Political 2016-05-14T04:00:00Z Helicopter money, also called monetary finance, gets its name from an academic paper by the late Nobel Prize-winning economist Milton Friedman, which asserted that dropping newly printed money from helicopters was guaranteed to raise inflation. Kuroda Sees Yen Rise as Threat to Inflation Goal 2016-04-18T04:00:00Z Hayek’s view that governments should regulate competition to prevent monopolies from forming gave way – among American apostles such as Milton Friedman – to the belief that monopoly power could be seen as a reward for efficiency. Neoliberalism – the ideology at the root of all our problems 2016-04-15T04:00:00Z Milton Friedman liked to call the interest rate the “price of credit.” Debt Is Wonderful—Until It's Crushing 2016-04-14T04:00:00Z Milton Friedman was quoted, regarding capitalism, that he wasn’t interested in “fairness”; he was interested in “freedom.” Where Mr. Sanders and the pope converge 2016-04-12T04:00:00Z Milton Friedman proposed the idea in the 1950s, and a handful of Latin American countries use the agreements. At Purdue, student aid based on future earnings could revolutionize college debt 2016-04-11T04:00:00Z The economist Milton Friedman is generally credited with originating the concept of an income-sharing model to fund educational costs. Getting a Student Loan With Collateral From a Future Job 2016-04-08T04:00:00Z The term helicopter money was coined in 1969 by the economist and Nobel laureate Milton Friedman, more as a thought experiment than as a serious policy proposal. E.C.B. Rules Out Free Money as Antidote to Falling Prices 2016-04-07T04:00:00Z The term "helicopter money", coined by American economist Milton Friedman in 1969 and cited by the former chairman of the U.S. Fearing crash, bond fund Pimco warns off 'helicopter money' 2016-03-24T04:00:00Z Milton Friedman, worshipped by conservatives because he understood that political and economic liberty were interdependent, would be appalled. The Moral Case for Globalization 2016-03-18T04:00:00Z And since monetary policy operates with what economist Milton Friedman called "long and variable lags," the Fed thinks it needs to start raising rates today to keep this expected inflation in check tomorrow. Every central bank that did what the Federal Reserve just did has regretted it 2015-12-16T05:00:00Z The noted economist Milton Friedman espoused that philosophy, he said. Former mill owner reflects on losing company after fire 2015-12-12T05:00:00Z Milton Friedman, a conservative economic icon, suggested that monetary policy should not be determined by people or by gold, but instead by a computer program. The Good Old Days of the Gold Standard? Not Really, Historians Say 2015-12-01T05:00:00Z Coase's idea convinced even the late conservative icon Milton Friedman that trading, buying or selling pollution rights was the rational way to address environmental woes. A Tax on Carbon Pollution Can Benefit Business 2015-11-26T05:00:00Z “Honestly, I feel that I have such a vast feeling for it that I really—you know, Milton Friedman was good—but I don’t really listen to anybody,” he says. The Presidency as the Art of the Deal 2015-11-21T05:00:00Z But it insisted that students hear conservative as well as liberal arguments, and its faculty eventually included some of the best students of Milton Friedman, James Buchanan and Leo Strauss. When the College Madness Came to My Campus 2015-11-17T05:00:00Z The Republicans, he suggested, have overthrown Milton Friedman’s conservative economics for the harder right orthodoxy of Friedrich Hayek and Ayn Rand. Paul Krugman issues urgent warning: These radical Republicans will follow through, all facts be damned 2015-11-13T05:00:00Z But by the 1970s, even as most economists accepted the premise that an overheated economy would lead to higher inflation, Milton Friedman, the Nobel laureate economist, asked the question: Higher inflation, relative to what? Is the Economy Overheating? Here’s Why It’s So Hard to Say 2015-11-06T05:00:00Z The other was economist Milton Friedman, who actually wrote a book called, “There’s No Such Thing as a Free Lunch.” On the hunt for the financial free lunch? Don’t. 2015-10-22T04:00:00Z It found intellectual shape in Calgary in the rightwing theories of Friedrich Hayek and Milton Friedman, which were already being turned into reality by the governments of Margaret Thatcher and Ronald Reagan. Stephen Harper: master manipulator | Nick Davies 2015-10-15T04:00:00Z Two of Margaret Thatcher’s favourite thinkers, Friedrich Hayek and Milton Friedman, have also made the cut. Nobel prize in economics won by Angus Deaton - as it happened 2015-10-12T04:00:00Z Hundreds of demonstrators protested in Stockholm when influential economist Milton Friedman collected his award — one of the most controversial prizes in the economics category. A glance at controversial Nobel Prize winners 2015-10-03T04:00:00Z As Nobel economist Milton Friedman said, universal vouchers will help the rich hardly at all, the middle class somewhat and the poor disproportionately. School choice programs benefit the poor the most 2015-09-11T04:00:00Z The Chicago School, under the intellectual imprint of Milton Friedman, was a leader in neoclassical thought that emphasizes the efficiency of markets and the risks of government intervention. How Stanford Took On the Giants of Economics 2015-09-10T04:00:00Z Or Milton Friedman at Cornell the same year, arguing matter-of-factly about colonialism with a young man in a beard, sunglasses and floppy sideways hat. The March of Foolish Things 2015-09-04T04:00:00Z Two of Margaret Thatcher’s favourite thinkers, Friedrich Hayek and Milton Friedman, have also made the cut. Nobel prize in economics won by Angus Deaton - as it happened 2015-10-12T04:00:00Z Critics including Milton Friedman argued the Phillips curve’s suggested trade-off between unemployment and inflation was only temporary. The Fed Has a Theory. Trouble Is, the Proof Is Patchy 2015-08-23T04:00:00Z Milton Friedman proposed them more than a half-century ago, and there is a market for them today in Colombia, Mexico, Chile and other Latin American countries. Could income-share agreements help solve the student debt crisis? 2015-08-20T04:00:00Z Noted economist Milton Friedman once said that nobody spends someone else’s money as wisely as they spend their own. Georgia editorial roundup 2015-08-19T04:00:00Z The exhibition, “American Enterprise,” which opened last month, shows us a Heinz pickle pin, an elastic pajama waistband, George Washington’s tea chest, a Howdy Doody marionette, Milton Friedman’s briefcase and Jimmy Carter’s cardigan. ‘American Enterprise’ Review: A Skewed History of American Business 2015-08-17T04:00:00Z Today I’d like to honor Milton Friedman by talking about one of his greatest contributions to economics, made in close collaboration with his distinguished coauthor, Anna J. Schwartz. Krugman's Claiming Milton Friedman For The MIT Gang Now? What? 2015-07-24T04:00:00Z Not that this should be surprising. Indeed, the euro's problems were so predictable that Milton Friedman, well, predicted them. Greece has surrendered, but Europe has lost, too 2015-07-14T04:00:00Z There are probably a few times in my life where I’ve felt that both Paul Krugman and Milton Friedman were wrong about some issue, and that I was right. Both Krugman And Friedman Said The Euro Was A Stupid Idea: But They Did It Anyway, Didn't They? 2015-07-06T04:00:00Z “Monetary unity imposed under unfavorable conditions will prove a barrier to the achievement of political unity,” Milton Friedman, the Nobel economics laureate, wrote in a 1997 article. Euro’s Salvation Lies in Its Political Appeal 2015-07-01T04:00:00Z In higher education, Milton Friedman argued that the student chooses the school. School Choice and Nevada's Revolutionary Education Savings Accounts 2015-06-30T04:00:00Z “THERE is one and only one social responsibility of business,” wrote Milton Friedman, a Nobel prize-winning economist. The halo effect 2015-06-25T04:00:00Z The Chicago university connection may suggest the school of monetary economics that so inspired UK Prime Minister Margaret Thatcher in the 1980s - Professor Milton Friedman and his free market philosophies. The economist who had 'deviant thoughts' - BBC News 2015-06-17T04:00:00Z And here is Milton Friedman on the subject of the euro. Both Krugman And Friedman Said The Euro Was A Stupid Idea: But They Did It Anyway, Didn't They? 2015-07-06T04:00:00Z This sort of thing is, as Milton Friedman said about inflation in general, always a monetary phenomenon. This Isn't The Death Of The Zimbabwe Dollar, This Is The Long Overdue Burial Of It 2015-06-13T04:00:00Z Correction: An earlier version of this article incorrectly reported the year that Milton Friedman introduced the concept of school vouchers. The ultimate in school choice or school as a commodity? 2015-06-03T04:00:00Z For this reason, Milton Friedman, an economist known for his laissez-faire beliefs, wanted to replace all welfare with a simpler system that combined a guaranteed minimum income with a flat tax. Basically unaffordable 2015-05-21T04:00:00Z Milton Friedman, an economist, argued that a theory should not be judged on the realism of its assumptions, but rather on the accuracy of its predictions. More Kirk than Spock 2015-05-07T04:00:00Z And the minimum guaranteed income, while being a Milton Friedman idea and thus a good one, also isn’t quite what we want. Surprise, Robert Reich Comes Close To A Decent Economic Idea 2015-04-22T04:00:00Z Free market economist Milton Friedman explained how government subsidies are very hard to dislodge, once in-place. The Renewable Fuel Standard: Can the 'Tyranny of the Status Quo' Be Broken? 2015-04-10T04:00:00Z The vandals made the same accusations against Thatcher and also accused free-market economist Milton Friedman of “Global Violence and Imperialism” and Ayn Rand of “Homophobia.” Chapman University says protest signs plastered on Reagan, Thatcher busts can stay 2015-04-10T04:00:00Z He had graduated from Yale, earned a doctorate from Stanford, taught at the University of Chicago in a department that included the free-market champion Milton Friedman. Arthur Laffer has a never-ending supply of supply-side plans for GOP 2015-04-09T04:00:00Z Among his professors at Chicago was Milton Friedman, who won the 1976 Nobel Prize in Economic Sciences. John H. Makin, influential economist at AEI, dies at 71 2015-04-01T04:00:00Z The opposite view, advocating a minimal role of the state and less regulation, was later espoused by Milton Friedman. Milton v Keynes: 20th Century capitalism and the role of the state 2015-04-01T04:00:00Z Milton Friedman called it the “least bad tax.” Contra Piketty It's Not A Wealth Tax We Need But A Land Value Tax 2015-03-27T04:00:00Z Conservative icon Milton Friedman advocated a negative income tax—basically a flat tax with a large refundable tax credit—as a replacement for welfare programs that discouraged work. Do Senators Lee and Rubio Have a Secret Plan to Help Poor Families? 2015-03-27T04:00:00Z So much for free-market economist Milton Friedman’s maxim, embraced by corporate America in the 1980s, that a company’s sole social responsibility is to make money for its owners without breaking the law. Starbucks as citizen: Schultz acts boldly on social, political issues 2015-03-16T04:00:00Z As some may already know, Thiel has teamed up with the grandson of libertarian icon Milton Friedman, Patri Friedman, to try and develop a “seastead,” or a permanent and autonomous dwelling at sea. Welcome to “Libertarian Island”: How these One Percenters are creating a dystopian nightmare 2015-03-16T04:00:00Z It is the approach often known as monetarism, associated particularly with the Nobel Prize winning economist, the late Milton Friedman. Inflation targeting: Has it worked? 2015-03-10T04:00:00Z And influential economists such as Milton Friedman propounded the belief that the sole corporate mission was to reward shareholders. Shareholders’ big skim 2015-03-04T05:00:00Z It really is as Milton Friedman insisted it was: everything is about the money supply. No, Bitcoin Really Isn't The Solution To Greece's Debt Problems 2015-02-23T05:00:00Z Mises was beloved by neither Milton Friedman nor the socialists, but his unrelenting contempt for government interference in markets drew acolytes. Dark Web To Hell: How the FBI Busted the Amazon of Drugs, Guns and Hit Men 2015-02-19T05:00:00Z They never acknowledge a direct impact of the money supply on economic activity as did economists before Keynes and as did more recent monetarists, most notably Milton Friedman. Current Monetary Policy: A Keynesian Distortion 2015-02-18T05:00:00Z The irony, of course, is that Milton Friedman was trying to save conservatism from people exactly like Rand Paul. Rand Paul struggles with his signature issues 2015-02-10T05:00:00Z It’s been entirely obvious ever since Milton Friedman published Monetary History of the United States back in the 60s that QE was indeed the correct reaction to deflation at that zero interest rate lower bound. Finally, A Decent Explanation For Why The ECB Took So Long To Do Euro Stimulus 2015-01-24T05:00:00Z The arch-Neoclassical Milton Friedman derided the concept of the Euro in a 1997 article entitled “The Euro: Monetary Unity To Political Disunity?” Making Swiss Cheese Of The Euro? 2015-01-17T05:00:00Z I applaud the Swiss move back to flexible exchange rates for all the reasons that Milton Friedman made famous. Rolexes Just Got More Expensive -- Or, You Can't Keep a Good Currency Down 2015-01-15T05:00:00Z That is a myth, originally started by University of Chicago economists like Milton Friedman. Robert Reich Is Right: Higher Wages Aren't Coming Back, And Here's Why 2015-01-15T05:00:00Z Asked to name someone alive, Paul said Milton Friedman “would probably be pretty good.” Rand Paul struggles with his signature issues 2015-02-10T05:00:00Z Given that we are discussing monetary policy it seems appropriate to bring Milton Friedman in here. Watch Out, MMT's About, As Bernie Sanders Hires Stephanie Kelton 2015-01-12T05:00:00Z Milton Friedman once remarked that the role of economists is to “develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.” What Is Mario Cuomo’s Legacy? 2015-01-05T05:00:00Z Milton Friedman once told me it was an open question whether we ought to tax or subsidize universities; I think he was right. Cruel, Stupid, Ineffective: Student Financial Assistance in America 2015-01-02T05:00:00Z For example, famed economist Milton Friedman was opposed to a minimum wage stating that, “…people whose skills are not sufficient to justify that kind of a wage will be unemployed.” The Facts On Increasing The Minimum Wage 2014-11-26T05:00:00Z The topic of quality education and inequality was addressed by Milton Friedman in his 1962 groundbreaking book “Capitalism and Freedom.” Educational Quality And Inequality In Latin America 2014-11-20T05:00:00Z One is the secular creed of free market libertarianism, which comes in different denominations — the extreme Ayn Rand school or the more moderate Milton Friedman kind. GOP’s noxious, misguided edge: Why Dems need a coherent economic plan 2014-11-07T05:00:00Z Minimum wages require something welfare or, that favorite of Milton Friedman, the negative income tax, do not - work. Election Results 2014: Minimum Wage 2014-11-03T05:00:00Z Specifically, Ben Bernanke at the Federal Reserve agreed with Milton Friedman that it was the monetary policy of the Fed in the 1930s that created the Great Depression. I Wonder Which Universe Anatole Kaletsky Is Observing Here? 2014-11-02T04:00:00Z This Federal Reserve confronted the worst downturn since the Great Depression with the aggressiveness that Milton Friedman argued its predecessor lacked, causing the calamity after 1929. Vote: Was the Fed's QE successful? 2014-10-31T04:00:00Z Lehmann: I think it proves that Milton Friedman wasn’t exactly right in terms of saying that the printing of money is a major cause of inflation, that there are other mitigating factors. Richard Lehmann's 6% Solution: Finding Gems Among Junk Bonds 2014-10-27T04:00:00Z Note that when Milton Friedman did his famous study on the relationship between money supply and inflation he based his research on the period from the early ’50s until the late ’70s. The Flat Debt Society 2014-10-21T04:00:00Z Milton Friedman was fond of pithy and brilliant one-liners. The Unanticipated Risks of Maximizing Shareholder Value 2014-10-14T04:00:00Z Chicago School economic mantra of 'free market' championed by Milton Friedman and termed by Naomi Klein as 'economic holocaust' has been confirmed by the 'regulation' wanting market forces advanced by Jean Tirole. Jean Tirole Wins Nobel in Economics for Work on Regulation 2014-10-13T04:00:00Z Leading economists at the “Mecca” of free-market economics, the University of Chicago, evoked their most prominent predecessor, Milton Friedman, last week in advocating a price on carbon to address climate change. What Would Milton Friedman Do About Climate Change? Tax Carbon 2014-10-12T04:00:00Z As you might imagine, Milton Friedman comes in for a heaping helping of scorn. ‘We Are Better Than This’ Edward Kleinbard, and ‘Seven Bad Ideas,’ Jeff Madrick Saint Milton Friedman taught us that inflation is always and everywhere a monetary phenomenon. The Flat Debt Society 2014-10-21T04:00:00Z As Milton Friedman had written, “The employee is protected from coercion by the employer because of other employers for whom he can work.” The Unanticipated Risks of Maximizing Shareholder Value 2014-10-14T04:00:00Z Milton Friedman often observed that no one spends other people’s money as carefully as he spends his own. TSA Boondoggles: High Costs, Low Effectiveness, But It's Only Your Money 2014-10-09T04:00:00Z Milton Friedman: Yes, there’s a case for the government to do something. What Would Milton Friedman Do About Climate Change? Tax Carbon 2014-10-12T04:00:00Z A new doctrine, first propounded by economist Milton Friedman, took hold in boardrooms and executive suites. Harold Meyerson: How workers lost the power struggle — and their pay raises Milton Friedman wrote an excellent article in 1990 on the issue of bimetallism revisiting the U.S. historical account. Why A Gold Standard Does Not Imply Price Stability 2014-10-08T04:00:00Z However, wishing for enlightened, responsible regulation these days may be, in the words of the late economist Milton Friedman, like trying to design a cat that barks. How Many Regulators Does It Take to Kill A Mosquito? 2014-10-08T04:00:00Z In fact, famous economist Milton Friedman once said “the only reason a corporation exists is to maximize the return for the shareholder.” Kip Tindell: How He Created An Employee-First Culture At The Container Store 2014-10-07T04:00:00Z As the conservative economist Milton Friedman once put it, “if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel.” Beyond marijuana: Legalize all drugs 2014-10-03T04:00:00Z Milton Friedman not only analyzed the effects of incentives in markets, he also studied their effects in political systems. Paul Krugman's One Bad Idea 2014-10-02T04:00:00Z Indeed, Milton Friedman exclaims that silver as well as “gold no longer served any useful monetary purpose”. Why A Gold Standard Does Not Imply Price Stability 2014-10-08T04:00:00Z Allowing private banks to issue currency against a frozen base of U.S. dollars, as proposed by Milton Friedman and later expanded by George Selgin, deserves to be part of any monetary policy reform discussion. The Pseudoscience of Inflation: Part II 2014-09-30T04:00:00Z The political class of SW1, its nose still stuck in the un-British ramblings of Ayn Rand and Milton Friedman, has lost all touch with the needs and interests of the people it affects to serve. Cameron’s remark about ‘effing Tories’ hints at what he really thinks 2014-09-26T04:00:00Z This is precisely what occurs in Milton Friedman’s oft-cited “The Optimum Quantity of Money” article. Where's The Hyperinflation? 2014-09-17T04:00:00Z No economist in the 20th century knew more about financial bubbles and panics than Milton Friedman. Paul Krugman's One Bad Idea 2014-10-02T04:00:00Z Years ago in Capitalism and Freedom, Milton Friedman proposed an alternative. The Right To Work 2014-09-17T04:00:00Z Years ago in Capitalism and Freedom, Milton Friedman argued that there is no legitimate reason to license any profession. The Doctors Union 2014-09-03T04:00:00Z As economist Paul Krugman explains in a recent column, disciples of Milton Friedman remain deeply opposed to the very concept of the US Federal Drug Administration, viewing it as needless intrusion by government. Libertarian ideology is the natural enemy of science 2014-08-29T04:00:00Z The answer being, in short form, that Milton Friedman was right. Ben Bernanke; The 2008 Financial Crisis Was Worse Than The Great Depression 2014-08-27T04:00:00Z I agree with Milton Friedman in the essay he presented at the Adam Smith Institute on its bicentennial in St. Andrews: A Nation of Shopkeepers 2014-08-26T04:00:00Z The most important of these facts being that Milton Friedman and Anna Schwartz were in fact correct in their book “Monetary History of the United States”. Paul Mason Needs To Understand That Milton Friedman Was Right About The Depression 2014-08-18T04:00:00Z That’s entirely due to the work of Milton Friedman with Anna Schwartz, where they showed that what turned the 1929 recession into the Depression was the Fed allowing the money supply to collapse. It's Not What Paul Krugman Does Say It's What He Doesn't That Is So Interesting 2014-08-01T04:00:00Z Today is the 102 anniversary of the birth of America’s greatest economist, Milton Friedman. Happy Birthday Milton Friedman--Advocate of School Choice 2014-07-31T04:00:00Z Milton Friedman was right, the Fed and the BoE listened and did the best possible under the circumstances. Ben Bernanke; The 2008 Financial Crisis Was Worse Than The Great Depression 2014-08-27T04:00:00Z Instead, he promotes a two-part structure of business and government that he attributes to economist Milton Friedman. The Need for Moral People in Amoral Markets 2014-07-28T04:00:00Z Milton Friedman, the economic thinker from the University of Chicago, argued that this was exactly as it should be. The Do-Good Corporation 2014-07-15T04:00:00Z I think Friedrich Hayek and Milton Friedman are two of the most important thinkers of our age. Libertarians Who Are For Everything Except Having Children And Practicing Religion 2014-07-10T04:00:00Z When I was in school, majoring in economics, the world was divided between the free-market Chicago School, led by Milton Friedman, and the Harvard centric Keynesian school. Happy Birthday Milton Friedman--Advocate of School Choice 2014-07-31T04:00:00Z In longer form, that the Federal Reserve itself followed the wrong policies back then and the right policies over the last few years: which is the same statement as saying that Milton Friedman was right. Ben Bernanke; The 2008 Financial Crisis Was Worse Than The Great Depression 2014-08-27T04:00:00Z This is what Ben Bernanke meant when he said to the spirit of Milton Friedman, that he was right, the Fed got it wrong and we’re not going to do that again. Good News For The Eurozone; German Industrial Production Declines 1.8% In May 2014-07-07T04:00:00Z But shortly after the Keynesian revolution, Milton Friedman led a new push against government intervention under the guise of monetarism. This is not a democracy: How the Supreme Court allowed the 1 percent control 2014-07-04T04:00:00Z Another economics titan, Nobel Prize-winner Milton Friedman, conceded that gold is good in theory, but opposed gold in practice, arguing that a return to a gold standard is “neither desirable nor feasible.” America Needs The Gold Standard More Than Ever 2014-06-24T04:00:00Z Read the Commonwealth Fund report and weep into your Milton Friedman textbook, Mr Nuttall. A £10 charge to visit a GP would be just the start of a slippery slope for the NHS 2014-06-18T04:00:00Z It was Milton Friedman who in 1970 argued that corporations had lost their way by addressing the needs of multiple stakeholders—shareholders, employees, customers and the community. Why The World's Dumbest Idea Is (Finally) Dying 2014-06-17T04:00:00Z In an essay published in 1955, “Liberalism, Old Style,” Milton Friedman wrote, It's Liberalism Day -- Real Liberalism, Not The Phony, Authoritarian Kind 2014-06-16T04:00:00Z Indeed, its founding fathers are the likes of the American economist Milton Friedman and the Austrian Friedrich Hayek. Sorry, David Cameron, but your British history is not mine 2014-06-15T04:00:00Z In 1996, Milton Friedman, before starting what is today the Friedman Foundation for Educational Choice, commissioned an extensive study about the meaning of words in the K-12 educational debate. Liberalism And The Language Of Politics In Free-Market Think Tanks 2014-06-11T04:00:00Z Here, I mean “liberalism” in its historical sense – one embraced not just by current “liberals,” but also the historic core of the Republican Party, like Milton Friedman and Ronald Reagan. China and Russia Lead a Backlash Against Liberalism 2014-06-11T04:00:00Z That observation originally stemmed from Milton Friedman, the greatest economist of the 20th century. President Obama's Plan To "De-develop" America Shifts Into High Gear 2014-06-09T04:00:00Z I grew up as a Milton Friedman monetarist, and predicting the impact of faster or slower money growth depends on velocity remaining somewhat stable, or at least predictable. Monetarist vs Keynesian: Velocity Is the Key 2014-06-02T04:00:00Z Didn’t Milton Friedman famously consider inflation an ever-present risk and a monetary phenomenon? The Last Long Bond Bulls Bet On Falling Rates, Sluggish Economy 2014-05-28T04:00:00Z As Milton Friedman put it, “Nobody spends other people’s money as carefully as he spends his own.” Piketty's Book -- Just Another Excuse For Legal Plunder And Expanding The State 2014-05-23T04:00:00Z This is why Milton Friedman was dead-set against austerity, and in favor of monetary stimulus, and why he said “We’re all Keynesians”. This Is The Fundamental Thing That Most People, Including Paul Krugman, Don't Get About Economics 2014-05-19T04:00:00Z The architect of Poland’s transition from Soviet-style central planning to a market economy will receive the prestigious Milton Friedman Prize for Advancing Liberty in New York City on May 21. Leszek Balcerowicz Transformed Poland Through An Embrace Of Economic Freedom 2014-05-19T04:00:00Z More than three decades ago, economist Milton Friedman argued that a company’s sole obligation should be to its shareholders. For a new corporate model As Milton Friedman warned: “Concentrated power is not rendered harmless by the good intentions of those who create it.” A New Federal Gasoline Stockpile? Bad Idea. 2014-05-15T04:00:00Z In Australia and Britain, they pay a fixed percentage of their income; the authors recommend instead linking repayment to the health of the job market, an idea first proposed by Milton Friedman. The opposite of insurance 2014-05-15T04:00:00Z Past winners include such grandees as Milton Friedman and Paul Krugman. The late edition 2014-04-24T04:00:00Z Like his teacher and then colleague at the University of Chicago, Milton Friedman, he held to a free-market orientation. Gary S. Becker, 83, Nobel Winner Who Applied Economics to Everyday Life, Dies 2014-05-05T02:37:15Z Becker, a student of free-market economist Milton Friedman, died on Saturday after a long illness, the university said on its website. Nobel-winning economist Gary Becker dies at 83: university 2014-05-04T22:28:38Z In 2005, Milton Friedman said that he wondered why so many people were worried about the economy because to him it appeared so stable—this at the height of the subprime mortgage boom. Congressional Budget Office blows it — again 2014-03-08T20:00:00Z And BTW, Milton Friedman was one of the few economists that really deserved the Nobel prize they got, IMO. The legacy of Ben Bernanke: Mr Bernanke went to Washington 2014-01-31T22:47:59Z Milton Friedman is, for my money, the greatest economist of the 20th century. Milton Friedman Predicted The Rise Of Bitcoin In 1999 2014-01-20T13:25:00Z If Milton Friedman couldn't convince people of this, what makes you think you can? Secular stagnation: A deficit of demand 2013-12-12T12:20:35Z And so the hold of the dogma of Milton Friedman, trickle-down economics, the Laffer Curve, and the-market-always-knows-best thinking has never really faded, regardless of who is in the White House. Inequality: A defining issue, for poor people 2013-12-16T18:23:07Z Hayek and Milton Friedman, who favored the idea of a basic universal income. Today's Economist: Rethinking the Idea of a Basic Income for All 2013-12-10T05:01:27Z Milton Friedman, the late libertarian economist, favored a variant—a payment that would phase out at higher incomes—to replace the intrusiveness of the welfare state. What a Higher Minimum Wage Does for Workers and the Economy 2013-11-27T11:00:38Z The critique of monetary policy as a conduit of Depression dates back to Milton Friedman and Anna Schwartz's "Monetary History of the United States". Economic history: What can we learn from the Depression? 2013-11-08T11:40:57Z They invited Professor Coase to dine at the home of Aaron Director, the founder of the journal, and explain his views to a group that included Milton Friedman and several other Nobel laureates-to-be. Ronald H. Coase, Nobel-Winning Economist, Dies at 102 2013-09-03T14:15:35Z There’s another view of business that says, as Milton Friedman classically in 1970, “the social responsibility of business is to increase its profits.” To Succeed In Business, Get In Touch With Your Inner Vulcan 2013-08-25T14:56:00Z They repeat Milton Friedman’s warning to a group of tech leaders in 1999, that they would “rue the day when you called in the government” to curb Microsoft. Schumpeter: Mr Geek goes to Washington 2013-08-22T15:00:07Z "Inflation is everywhere a monetary phenomenon," says Mr. Hau, citing the late economist Milton Friedman. In Hong Kong, Inflation Worries Spook the Spirit World 2013-08-20T03:10:50Z The origin of the world’s dumbest idea: Milton Friedman When will the world’s dumbest idea die? FT Urges Business Schools To Stop Teaching 'The World's Dumbest Idea' 2013-07-09T15:17:00Z If we read through the many comments and tweets on the Milton Friedman article, what’s striking is that the proponents of shareholder value stick to it as tenaciously as the believers in a religion. The over/under on when 'the world's dumbest idea' will die? 2013-07-05T15:55:00Z One other leading economist extolled the wisdom of Yap some eight decades later: Milton Friedman, far from Keynes's ideological soulmate. Money: The Unauthorised Biography by Felix Martin – review 2013-06-09T10:00:07Z It then went on to praise its school system as in the image of Milton Friedman. Swedish riots: if instability can happen here, what might unfold elsewhere? 2013-05-27T17:22:00Z Mr. Mao was last year’s recipient of the Milton Friedman Prize for Advancing Liberty. IHT Rendezvous: Two Maos, and Two Views of China’s Past 2013-05-16T04:27:56Z Their most well-known spokesman was Milton Friedman, who argued against the Keynesians’ focus on fiscal policy – federal spending and taxing policy – and their inattention to monetary policy, which is conducted by the Federal Reserve. Today's Economist: Bruce Bartlett: Keynes and Keynesianism 2013-05-14T04:01:32Z The late monetarist economist Milton Friedman famously argued that inflation is "everywhere and always a monetary phenomenon." Fed's credibility tested as inflation drifts below target 2013-05-08T05:04:59Z But the greatest libertarian of the 20th century, the economist Milton Friedman, always thought that the gold standard was nuts. Today's Economist: Bruce Bartlett: Gold’s Declining Price Is a Reversion to the Mean 2013-04-23T10:00:51Z Thatcher arrived in power armed with the free-market philosophy of Ronald Reagan's adviser, Milton Friedman. Margaret Thatcher: 20 ways that she changed Britain 2013-04-14T09:00:09Z Mrs Thatcher and Ronald Reagan were both devotees of Friedrich Hayek and Milton Friedman and skeptics of Keynes. Margaret Thatcher's macroeconomic legacy: How Mrs Thatcher smashed the Keynesian consensus 2013-04-09T14:13:09Z I think Milton Friedman was right that in a sense we are all Keynesians and not Keynesians at the same time. Today's Economist: Bruce Bartlett: Keynes and Keynesianism 2013-05-14T04:01:32Z It was a great era, her sentiments were shared with the great Reagan too, both embraced the teachings of Milton Friedman. Margaret Thatcher: The lady who changed the world 2013-04-08T12:35:37Z The origins of the government student loan program generally date to 1958, when Congress followed the recommendation of economist Milton Friedman in creating a system of direct federal loans for higher education. Law school is a sham 2013-04-06T16:00:00Z Think of all the harm done in the name of Marx—and of social Darwinist and free-market theorists, from Herbert Spencer to Milton Friedman. Is "social science" an oxymoron? Will that ever change? 2013-04-04T23:15:00.353Z Milton Friedman famously said "the business of business is business". A Yorkshireman in Davos 2013-02-05T16:35:04Z He finds a natural hero in Milton Friedman, the libertarian economist and intellectual father of the all-voluntary military. Off the Shelf: ‘Bleeding Talent’ Sees a Military Management Mess 2013-01-05T21:26:07Z Indeed, when his book appeared, Milton Friedman and his colleagues in the Chicago School were busy extending the empire of exit to new areas. Schumpeter: Exit Albert Hirschman 2012-12-19T16:07:14Z The Keynesians overwhelmed public discussion in the United States and Britain until the 1970s, when Hayek, along with Milton Friedman and his Chicago school, became more popular. God Save the British Economy 2012-12-19T10:00:00Z Famously, Milton Friedman always said that the true burden of government is what it spends, not what it taxes. Today's Economist: Bruce Bartlett: The True Burden of Government 2012-12-18T11:00:44Z While some economists, notably Milton Friedman, long argued that transparency would fortify the Fed’s independence, the economic case crystallized more recently. News Analysis: A Federal Reserve That Is Focused on the Value of Clarity 2012-12-14T01:46:04Z In one of his last articles, Milton Friedman wrote that savings nowadays took the form of houses. Income inequality is killing capitalism 2012-11-22T14:03:13Z In 1954, the late Nobel laureates Milton Friedman and Simon Kuznets approvingly quoted from Harold Rypins, secretary of the New York State Board of Medical Examiners, in their book on the professions. It's Time to End the Guild Mentality in the U.S. Economy 2012-11-12T11:00:59Z Milton Friedman argued that greater inequality would spur people to work harder and boost productivity. Trade-offs: Having your cake 2012-10-11T15:07:28Z His is a version of the "helicopter" money advocated by JM Keynes and Milton Friedman. We need an iconoclast to lead the Bank of England 2012-10-09T20:00:06Z Economist Milton Friedman, the late king of the monetarists, argued that the idea was fundamentally “anti-libertarian because what they mean by a gold standard is a governmentally fixed price for gold.” The Strange Allure of the Gold Standard 2012-08-29T12:00:20Z Hart, whose "intellectual hero" is economist Milton Friedman, had long conversations with Ryan and gave him a copy of Friedman's "Capitalism and Freedom." Insight: Ryan's economic thinking is more Reagan than Tea Party 2012-08-21T05:09:36Z Mr. Ryan is a disciple of Ayn Rand and Milton Friedman, two figures long associated with free markets. DealBook Column: Paul Ryan and What Wall Street Should Know 2012-08-14T02:26:04Z August offers a perfect time to catch up with Milton Friedman and Anna Schwartz's A Monetary History of the United States. Financial crisis-themed reading as Europe takes a holiday 2012-08-10T14:47:17Z Milton Friedman did something similar with his most famous book. Monetary policy: Rethinking macro 2012-07-26T19:59:10Z In 1994, Milton Friedman wrote that Financing government spending by increasing the quantity of money is often the most politically attractive method to both presidents and the members of Congress. Economics, politics and financial markets: Big issues 2012-08-10T09:12:30Z Mr. McCracken represented a middle ground between Johnson’s advisers, who had advocated “fine-tuning” tax policies to regulate the economy, and the conservative, laissez-faire approach of the Chicago school, led by Milton Friedman. Paul W. McCracken, Adviser to Presidents, Dies at 96 2012-08-04T01:21:49Z Milton Friedman surveyed the scene and called for quantitative easing. Monetary policy: Rethinking macro 2012-07-26T19:59:10Z The Keynesian consensus was overturned in the 1970s by Milton Friedman, who asserted that the apparent trade-off between joblessness and inflation was an illusion. Economic history: Muddled models 2012-07-20T09:47:55Z Paul Krugman convingly argued Milton Friedman is not intellectually honest in interpreting the cause of The Great Depression in "Who is Milton Friedman". Monetary policy: Rethinking macro 2012-07-26T19:59:10Z Mart Laar, Estonia’s first post-Soviet prime minister, likes to say that when he was elected, he had read only one book on economics, Milton Friedman’s Free to Choose. Krugmenistan vs. Estonia 2012-07-19T10:00:21Z In 1970, Milton Friedman wrote an article for The New York Times Magazine that contended "the social responsibility of business is to increase its profits." The Trade: Challenging the Long-Held Belief in 'Shareholder Value' 2012-06-27T16:01:23Z When the crisis of 2008 shrunk, central banks responded by following Milton Friedman’s playbook. Monetary policy: Rethinking macro 2012-07-26T19:59:10Z Economic data would be of better quality if supplied, as Milton Friedman put it, by mercenaries rather than by slaves. Today's Economist: Survey Respondents: Mercenaries or Slaves? 2012-06-27T10:00:16Z But his pronouncements are acerbic, reflecting his support for neoclassical economics in the mold of Milton Friedman, the Nobel Prize-winning free-market advocate who taught at the University of Chicago for decades. In Shift, China Stifles Debate on Economic Change 2012-06-16T17:45:48Z Monetary economics, advocated by Milton Friedman, promotes monetary expansion as the salvation for recessions. Monetary policy: A central-bank failure of epic proportions 2012-06-01T14:59:11Z Chile, under Augusto Pinochet, saw its economy "liberalised", to the approval of Milton Friedman and the Chicago School, yet political freedoms there were greatly curtailed. Eastern Europe's neoliberal disaster provides a warning for the Arab spring 2012-05-20T13:58:14Z This “monetarist” theory of the Great Depression is most associated with the work of the economists Milton Friedman and Anna Schwartz. Today's Economist: Bruce Bartlett: What Rule Should the Federal Reserve Follow? 2012-05-15T10:00:29Z Milton Friedman famously asserted that corporations’ only responsibility was to maximize profits. Economix Blog: Nancy Folbre: The Profits of Virtue 2012-04-09T10:00:12Z Visiting economist Milton Friedman called it "a statist monument for a dead pharaoh on the level of the pyramids." Shanghai's Pudong, Once Soulless, Rises Up 2011-12-21T00:37:03Z “A Monetary History of the United States,” by Milton Friedman and Anna Schwartz, showed in agonizing detail the impact of uncontrolled banking panics in the Great Depression. Economic View: Financial Crises? Impact Varies Widely - Economic View 2011-12-17T20:52:13Z Indeed, as Milton Friedman brilliantly observed, “there is only a choice among three evils: private unregulated monopoly, private monopoly regulated by the state, and government operation.” The Least of the Evils? 2011-12-08T14:12:30Z Their work goes beyond old labels like Keynesianism and the monetarism of Milton Friedman. Nobel Winners in Economics: The Reluctant Celebrities 2011-12-04T02:39:11Z Milton Friedman, the Nobel Laureate who died in 2006, said it was “highly unlikely” to succeed and would splinter as soon as the “global economy hits a real bump.” Dial Trichet for Crisis No More as Exit Leaves Legacy in Balance 2011-10-27T23:22:56Z For the next few decades, Hayek’s ideas and proponents like Milton Friedman, who argued that monetary and not fiscal policy was the major tool for managing the economy, gained steady influence. Off the Shelf: ?Keynes Hayek? Views Origins of an Economics Debate ? Review 2011-10-22T19:00:26Z As another Nobel laureate, Milton Friedman, said in 1966: “In one sense, we are all Keynesians now; in another, nobody is any longer a Keynesian.” Strategies: Nobel Laureates in Economics, Uneasy With Labels 2011-10-15T19:54:04Z Milton Friedman, the Nobel laureate who died in 2006, said “it’s highly unlikely that it’s going to be a great success,” and would splinter as soon as the “global economy hits a real bump.” Trichet Throws Away Script as He Reminds U.S. Euro Built to Last 2011-10-09T23:23:49Z Having discerned the intellectual vacuum, Chris Spiech, an unemployed 26-year-old from New Jersey, arrived on Thursday with the hope of indoctrinating his peers in the lessons of Austrian economics, Milton Friedman and Ron Paul. Big City: Protesters Are Gunning for Wall Street, With Faulty Aim 2011-09-25T00:29:53Z Decades later, Milton Friedman was the economist who most persuasively proved that point. Wonkbook: Can the new Obama get anything done? 2011-09-20T12:05:57Z In 1997, shortly after publishing an article advocating this kind of tax, I received a warm letter from Milton Friedman, widely hailed as the patron saint of small-government conservatism. Economic View: Darwin, the Market Whiz 2011-09-17T18:59:20Z Yet another, Nadelmann notes, is that Calderón is a disciple of orthodox free-marketeers like Milton Friedman, who is also a legalization proponent. Mexico Drug War Strategy: Get the U.S. to Legalize It? 2011-08-31T03:18:00Z Milton Friedman’s grandson Patri concluded that it is not: Democracy Is Not The Answer Democracy is the current industry standard political system, but unfortunately it is ill-suited for a libertarian state. Why libertarians apologize for autocracy 2011-08-30T11:01:00Z As well they should, an argument most famously made by the Nobel laureate Milton Friedman decades ago. Unboxed: First, Make Money. Also, Do Good. 2011-08-13T15:33:39Z Milton Friedman, a monetarist economist, argued that adjustments were easier in a floating-rate system. Buttonwood: Forty years on 2011-08-11T09:36:42Z We need funding to continue those efforts, efforts that even Milton Friedman” — the noted free market economist — “conceded were an appropriate role for government.” Common Sense: Tightening the Leash on Wall St.?s Watchdog 2011-07-15T21:30:02Z The number of Bitcoins increase at a constant rate, much like legendary economist Milton Friedman proscribed for a stable currency. Bitcoins: Could Internet Currency Doom the Dollar? 2011-06-29T20:21:52Z When I ask who she reads on the subject, she responds that she admires the late Milton Friedman as well as Thomas Sowell and Walter Williams. Michele Bachmann's dangerous beach reading 2011-06-13T17:38:00Z Many people would agree with Milton Friedman’s view that the “only social responsibility of business” is to “increase its profits”. IBM v Carnegie Corporation: The centenarians square up 2011-06-09T11:07:17Z The late Milton Friedman popularized this idea, but even he thought that freedom would not be seriously threatened in Western democracies until government spending reached 60 percent of G.D.P. Economix: Health Care Costs and the Tax Burden 2011-06-07T11:14:21Z At stake for the student of Milton Friedman is protecting the bank’s independence from financing public spending, as urged by lawmakers after the record March 11 earthquake. Japan’s Most Important Shirakawa Sees Only Bubbles in New Ease 2011-05-12T22:25:28Z An alternative to gold, and to the Fed, was suggested by Mr. Bernanke’s hero, Milton Friedman: let a computer govern the money supply. Be Careful Wishing for the Fed?s End 2011-04-30T20:58:32Z Once again, the phrase that comes to mind is Milton Friedman's: socialism for the rich, free enterprise for the rest. Inside Job ? review 2011-02-17T14:59:01Z They admire Milton Friedman, who emphasized more than 40 years ago that the only social responsibility of business is to increase its profits. Economix: The Weak Heart of Economics 2011-01-31T11:00:16Z Yet the classic argument for flexible exchange rates was made by none other than Milton Friedman. Can Europe Be Saved? 2011-01-12T16:09:56Z The great economist Milton Friedman cited the example of the Interstate Commerce Commission in his 1990 book “Free to Choose.” Why Businesses Can’t Stand Free Markets: Veronique de Rugy 2010-12-23T02:06:45Z Bernanke says he is doing everything Milton Friedman would have had the Fed do. A Return to Economist Friedrich Hayek's Ideas 2010-11-28T05:00:00Z But Milton Friedman rejected their analysis, stating in 1998 that: “The Austrian business-cycle theory has done the world a great deal of harm.” Buttonwood: Taking von Mises to pieces 2010-11-18T11:27:00Z As the Chicago School's guru, Milton Friedman, explained, "only a crisis – actual or perceived – produces real change". For the Conservatives, this is not a financial crisis but a long-awaited opportunity 2010-10-18T19:00:00Z Back in 1953, Milton Friedman offered an analogy: daylight saving time. Can Europe Be Saved? 2011-01-12T16:09:56Z Pushing for regime change in Indonesia: If Summers idolized anyone, it was Milton Friedman. The Larry Summers hall of shame 2010-09-25T15:01:00Z Asked for an intellectual influence, he offers Milton Friedman, but adds that it was the University of Chicago scholar's empirical history of U.S. monetary policy that he found inspiring, not Friedman's anti-regulatory passions. Thomas Hoenig Is Fed Up 2010-09-23T21:00:00Z This is the “helicopter drop” of money made famous by Milton Friedman and notorious by Mr Bernanke in a 2002 speech when he was still a Fed governor. Economics focus: War footing 2010-09-02T10:46:00Z So we shouldn't wonder that 35 corporate executives wrote to the Telegraph yesterday, arguing, just as Milton Friedman used to do, for a short, sharp shock, before the window of opportunity closes. For the Conservatives, this is not a financial crisis but a long-awaited opportunity 2010-10-18T19:00:00Z The trouble with deflation isn’t just the coordination problem Milton Friedman highlighted, in which it’s hard to get wages and prices down when everyone wants someone else to move first. Can Europe Be Saved? 2011-01-12T16:09:56Z A counter-revolution led by Milton Friedman, of the University of Chicago, de-emphasized the role of government and gave rise to Ronald Reagan and Britain's Margaret Thatcher. Debate Heats Up Over Stimulus Spending 2010-07-27T01:25:00Z She doesn't understand the point of football card swapping, which is a market so pure that Friedrich Hayek and Milton Friedman between them could never have dreamed it up. What the craze for Haynes car-manual T-shirts says about the economy 2010-07-07T08:00:00Z Milton Friedman spoke the economists' version—companies owed no social debt beyond being profitable. Competitive Theory and Business Legitimacy 2010-06-22T16:33:00Z Milton Friedman believed that – and so, it would seem, does George Osborne. A history lesson for George Osborne 2010-06-21T17:03:00Z “The Singularity is not the great vision for society that Lenin had or Milton Friedman might have,” says Andrew Orlowski, a British journalist who has written extensively on techno-utopianism. In the Singularity Movement, Humans Are So Yesterday 2010-06-12T18:27:00Z The box that Europe, the Obama administration and Congress find themselves in today — desperate to stimulate the economy and fearful of the political reaction — gives new meaning to Milton Friedman’s famous line from the mid-1960s. Calls for Stimulus Yield to Deficit Concerns 2010-06-09T01:46:00Z It is the United States and Britain that have succumbed to the worst of the West: capitalism, greed, egotism — to the false gods Reagan, Thatcher and Milton Friedman. Book Review - Ill Fares the Land - By Tony Judt 2010-04-30T15:37:00Z Milton Friedman predicted the single currency would fall apart after a decade or two; this has now become more likely than not. Europe needs a single government | Robert Skidelsky 2010-03-23T12:00:00Z But when looking for a bigger solution to a mess like this, it always pays to consult the late economist Milton Friedman, Nobel laureate at the University of Chicago. Should 'Private Equity' Pay for Junior's College? 2010-03-20T00:08:00Z The laissez-faire "Chicago school" economics—embodied by University of Chicago professor Milton Friedman—would remain dominant for the next three decades. 2010-01-22T05:00:00Z Today's global business environment is not the simple U.S.-centric world of free-market economist Milton Friedman. 2010-01-11T17:19:00Z The result is economics students who never heard of Milton Friedman or Kenneth Arrow and students of medicine who offer sex or money or both to their professors in order to graduate. After the Rain : how the West lost the East |
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