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PIVEN vs FRIEDMAN
Tag: Milton Friedman
We Need a Little More Milton Friedman Right About Now
Guest Post by Pat Buchanan
Not long ago, President Joe Biden made an offhanded comment that “Milton Friedman isn’t running the show anymore.”
This president has seldom spoken more valid words. And that’s where the trouble has begun.
If you were to rate the three most influential economic minds of all time, you’d be hard-pressed to come up with a better trio than Adam Smith, John Maynard Keynes and Friedman.
I’m a little too young to have known Keynes or Smith, but I am old enough to have gotten to know Friedman, and I’m proud to have called him a friend.
Continue reading “We Need a Little More Milton Friedman Right About Now”
Milton Friedman: The Forgotten History of the Godfather of Conservative Libertarianism
“I would like to say to Milton and Anna [co-author of A Monetary History of the United States, 1867–1960]: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
Milton Friedman is the Godfather of American conservative libertarianism. He was, at a time when it was deeply unfashionable in official circles, a fierce critic of Keynesian economics. He was a leader of the second generation of libertarian economists to come out of the University of Chicago. Among the people recruited or mentored by him at the university include Thomas Sowell, Gary Becker, Robert Fogel and Robert Lucas, Jr. Friedman often used the jargon and methodology of Keynesians while rejecting their basic premises, coming to very different conclusions than his Keynesian counterparts.
