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How Milton Friedman Saved Chile

In the wake of Chile’s 8.8 earthquake, Bret Stephens writes in the Wall Street Journal about how “Milton Friedman gave Chileans the intellectual wherewithal first to survive the quake, and now to build their lives anew.”

It is… [Read the rest]

Remembering Rose Director Friedman

The late Rose Director Friedman, wife and co-author to Milton Friedman, will be honored Saturday, December 12th on the University of Chicago campus. Visit the event website for details and RSVP information.

If you’re in the… [Read the rest]

Milton Friedman and subjective truths

At the The Fronhausen Review, there is an excellent post on the Friedman Institute controversy. The post features a report and commentary on a round table between the institute’s committee and its detractors. There is interesting… [Read the rest]

Obama’s stimulus plan, Friedman, and shock

In David Boaz’s new article this week in The Guardian, he argues that the reality of government behavior under crisis is miles from Klein’s claim.  The new administration is using the current economic “shock” to increase… [Read the rest]

Friedman on greed and capitalism

Ken Kurson at Reason’s Hit & Run blog asks the question de jour: “So why are Americans—the inventors of Google, the assembly line, and the Pocket Fisherman—suddenly so willing to ditch all we’ve known and put our trust in Nancy… [Read the rest]

Dr Friedman and Mr Hyde

A friend just tipped me off to another article by scholar Johan Norbgerg in which he trounces her many inaccuracies about Milton Friedman and the Chicago School.  In this highly readable article, he picks of her major claims… [Read the rest]

Statement from chair of Friedman Institute committee

Lars Hansen, economics professor at the University of Chicago, posted a statement (PDF) on his website about the Friedman Institute.  The statement gives an excellent explanation of MFI’s goals and motivations.

Goals of MFI:

The Milton Friedman Institute

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Free market capitalism bars the use of physical force in relationships

Naomi Klein, Friedman polemicist, has a newish interview in the New Yorker magazine in which she tries to equate the horrible results of communist/socialist ideology (i.e. that enforced under the rule of Stalin, Hitler and others) to the horrible… [Read the rest]

The Fatal Conceit is alive and kicking

Austrian economist F.A. Hayek had a term for the belief that knowledgeable, sophisticated people could plan for an ideal outcome. He called it the “fatal conceit,” and even wrote an entire book on the subject. His thesis was… [Read the rest]

Is the current economic crisis part of Milton Friedman’s legacy?

Is the current economic crisis part of Milton Friedman’s legacy?  Yes, according to Senator Bernard Sanders who will argue the case tonight at the University of Chicago.  Sanders, a self-described socialist who, according to Howard Dean,… [Read the rest]