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The Latest Breaking News from Milton Friedman

OPINION - The Women Who Made Modern Economics review: Rachel Reeves makes a strong point, if only it weren't so dull

She's bidding to be the next Chancellor, so what can we learn from this book?

Evening Standard

If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years

Yes, inflation is a tax on incomes, finds NYU’s Edward Nathan Wolff, but it also shrinks debt and can boost asset value, like that of homes.

Fortune

The Guardian view on Argentina’s presidential election: the danger to democracy is real

Editorial: Public spending hikes and pro-poor tax cuts might fix the economy and be popular enough to stop the far right

The Guardian - UK

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read the most diverse news in one place.

Can Elon Musk really save the world?

Despite his success with electric vehicles, the billionaire has not won over environmentalists.

Fortune

Living in the 70s: why Australia's dominant model of unemployment and inflation no longer works

As we approach the release of Monday’s employment white paper we can expect to hear a lot about something called the NAIRU – the so-called Non-Accelerating Inflation Rate of Unemployment.

The Conversation

The Murdoch media embraced ‘shareholder value’. Now it’s coming back to bite them

Fox is facing yet another lawsuit over its amplification of Donald Trump’s 2020 election lie, with the plaintiff’s accusing the Murdochs of sinning against that most holy writ of neoliberalism: the primacy of shareholder value.

Crikey

Free Market Book Misstates the History of Free Market Thought

Author Jacob Soll's commitment to an untenable historical thesis distorts the facts.

Reason

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‘Obama’s education legacy needs to be questioned’: the scholar fighting for reparations for Black students

Bettina Love believes decades of victimization, brutalization and belittlement of Black students by the US education system should be rectified with $2tn in reparations

The Guardian - US

How America’s hotbed of progressive economics borrowed from Milton Friedman to pressure the ultrawealthy on climate change

U. Mass–Amherst's Jared Starr says shareholder supremacy can tackle the climate emergency: "How do we provide the right incentive for people on corporate boards and the executive C-suite?"

Fortune

From Oppenheimer to Milton Friedman: how the Cold War battle of economic ideas shaped our world

Is Oppenheimer a movie for our time, reminding us of the tensions, dangers and conflicts of the old Cold War while a new one threatens to break out?

The Conversation

The Chicago Boys' Deal With the Devil

The Chile Project surveys neoliberalism's most polarizing experiment.

Reason

No Trade Is Free review: Trump’s man plots an unusually civil course

Robert Lighthizer, once US trade representative, is a rare aide of little interest to investigators. His readable book shows why

The Guardian - US

Starmer’s Labour are not the Tories. But they are timid

The opposition must accept there will be huge challenges if they win the election. But they do not have to accept Brexit

The Guardian - UK

Is the Nonaggression Principle Incoherent?

Economists David Friedman and Gene Epstein debate how best to persuade people toward libertarianism.

Reason

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Fortune

A top economist nicknamed the 'Money Doctor' gives the Fed a failing grade when it comes to taming inflation and saving the economy

A new Fortune report delves into Steve Hanke's analysis of the Fed’s actions leading up to this point.

Fortune

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

Reason

The Left-Right Spectrum Is Mostly Meaningless

The political landscape doesn’t fit on a simple map.

The Guardian - UK

Crack-Up Capitalism by Quinn Slobodian review – the economic anarchy of Liz Truss’s dreams

This timely and important study of investment zones exposes the limitations of the experiments favoured by free-market fanatics

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news in one place.

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Fortune

Corporations were never supposed to write the rules of the game. Now they need to help make them better for capitalism to survive

Changes in the rules have tended to decouple financial performance from the underlying value to society. This was not something Friedman had expected.

Bangkok Post

Pheu Thai's giveaway might just work

If one plans to read only one economic analysis article for this year, this is it.

Reason

Debate: Despite the Welfare State, the U.S. Should Open Its Borders

Can Americans afford to welcome the huddled masses?

The Guardian - UK

If Labour is to succeed it needs not just new policies, but a whole new philosophy

The work and ideals of the late John Rawls provide a progressive framework that could supplant neoliberalism, says philosopher and economist Daniel Chandler

The Guardian - UK

Crack-Up Capitalism by Quinn Slobodian review – zoning out

How the special economic areas championed by rightwing radicals undermine democracy

Reason

The Big Myth Is Full of Recycled Anti-Capitalist Cheap Shots

A new entrant in the anti-neoliberalism genre fails to land any blows.

The New Daily

Alan Kohler: The undemocratic independent Reserve Bank

Politicians refer so often to the “independent” Reserve Bank that its initials should change to the IRBA, writes Alan Kohler.

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