Wisdom: Friedman on Fed By Monty Pelerin , posted March 29th, 2010 http://www.economicnoise.com/2010/03/29/wisdom-friedman-on-fed/ Milton Friedman on dangers of allowing the Federal Reserve so much power: “The power to determine the quantity of money… is too important, too pervasive, to...
Earthquakes, Economics and Friedman By Monty Pelerin , posted March 2nd, 2010 http://www.economicnoise.com/2010/03/02/earthquakes-economics-and-friedman/ Economic development vs. undevelopment affects lives. The populations of undeveloped countries live close to the subsistence level, often one drought...
Milton Friedman on Socialized Medicine. From a talk given at the Mayo Clinic in 1978. Although over 30 years old and focused on the medical industry, there are lessons here beyond the obvious. The semi-alert and above will recognize the process as a general one that applies to any industry in which the...
By Monty Pelerin , posted December 4th, 2009 http://www.economicnoise.com/2009/12/04/milton-friedman-on-limited-government/ Milton Friedman was one of the strongest defenders of liberty and free-market capitalism. His insights, retrospectively, seem more important in light of what has happened and our...
By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/ The Fed has reached the point where there are two choices — Allow the government to shut down or allow itself to be the Treasury’s ATM machine. Inflation is, as Milton...
Thomas Friedman has an op-ed at the New York Times that describes some of Denmark's energy taxation and alternative energy policies . No doubt these policies created distortions and in some ways left Denmark less wealthy than if such policies had not been adopted - particularly as high energy prices...