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The 10.2% Unemployment Friedman Solution

Nearly 16 million people can’t find jobs even though the worst recession since the Great Depression has supposedly ended. The Labor Department said Friday that jobless rate rose to 10.2 percent, the...

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Hispanola Island and Friedman

Early map of Hispaniola and Puerto Rico, circa 1639. Milton Friedman would look at the Island of Hispanola and point to it as an example of the relationship of economic freedom and economic success....

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Famous Friedman Quotes

Milton Friedman – University of Chicago School of Economics Professor As I read the comments by Milton Friedman, I can’t help but think about how his words relate so much to today’s economic and...

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The Power Of Choice

An interesting compilation of Milton Freeman as an economic freedom philosopher. Milton makes the case for economic freedom as a precondition for political freedom. The title of this video, The Power...

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No Free Lunch, Now We have to Pay

Milton Friedman held that the government’s role in the guidance of the economy should be restricted severely. Taking over car companies is not restricted government economics from any sense of the...

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Happy 99th Milton Friedman

On July 31, Milton Friedman would have been 99 years old. Reason TV posted this video and text that I’d like to share. There’s no way to appreciate fully the contributions of Nobel Prize-winning...

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Milton Friedman Word of the Day: Augury

Augury – an event that is experienced as indicating important things to come; “he hoped it was an augury”; “it was a sign from God.” From Milton’s Capitalism and Freedom: As Adam Smith once said,...

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Friedman on Fiscal Policy and Secular Stagnation

Graph: When high unemployment continues despite the spending, the spending is often followed by a sharp economic contraction like the recession of 2008. Milton Friedman states, “Ever since the new...

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Great Achievements Do Not Come From Government

Today marks the 101st year since the birth of Milton Friedman, whose observations and conclusions ring loud and true today. Regarding achievements, Friedman said, “The great achievements of...

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Hayek and Friedman

Milton Friedman was born 104 year ago while Friedrich Hayak was born 117 years ago. Yet their teaching are still relevant today. Friedrich Hayek’s work with the Mont Pèlerin Society, an international...

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