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The Latest Breaking News from Milton Friedman

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 · Jul 9, 2023

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 · Jul 9, 2023

Is the Nonaggression Principle Incoherent?

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

Reason · Jun 30, 2023

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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 · May 30, 2023

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.

Fortune · May 30, 2023

The Left-Right Spectrum Is Mostly Meaningless

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

Reason · May 21, 2023

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

The Guardian - UK · Apr 25, 2023

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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.

Fortune · Apr 24, 2023

Pheu Thai's giveaway might just work

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

Bangkok Post · Apr 19, 2023

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

Can Americans afford to welcome the huddled masses?

Reason · Apr 18, 2023

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 · Apr 14, 2023

Crack-Up Capitalism by Quinn Slobodian review – zoning out

How the special economic areas championed by rightwing radicals undermine democracy

The Guardian - UK · Mar 30, 2023

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

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

Reason · Feb 25, 2023

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.

The New Daily · Feb 12, 2023

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Reason · Feb 8, 2023

"The Profit Motive: In Defense of Shareholder Value Maximization"

From my UCLA colleague Prof. Stephen Bainbridge.

Tribune News Service · Feb 7, 2023

Tyler Cowen: How should you talk to ChatGPT? A user’s guide

About 100 million people used ChatGPT in the month of January, according to one estimate, which would be the fastest-growing user base ever. Yet I often speak to people who are less than impressed with ChatGPT, citing its mistakes and banalities, and they suggest it is a passing fad.

Reason · Feb 2, 2023

National Conservatives Can't Find a Good Excuse for Viktor Orbán's Inflation Disaster

Hungary's inflation hits 24.5 percent—the highest in the European Union—and Orbán's price controls aren't helping.

The New Daily · Jan 15, 2023

How long will we use human misery to control inflation?

An interest rate increase? On the agenda? Try eight, actually happening. Dr Lowe and his RBA colleagues did get left behind.

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The Guardian - UK · Dec 16, 2022

These strikes are telling us something: Britain’s era of low wages may be over

Higher salaries would boost the UK economy and bring us in line with many other rich countries, says Guardian columnist Andy Beckett

Reason · Nov 28, 2022

Sam Bankman-Fried: Trust Is Everything

Ironically, the FTX meltdown is the best illustration yet of why the world needs bitcoin.

Reason · Nov 16, 2022

Balkinization Symposium on Andrew Koppelman's "Burning Down the House: How Libertarian Philosophy Was Corrupted by Delusion and Greed"

Participants include Jonathan Adler, Richard Epstein, Christina Mulligan, and myself, among others.

The Conversation · Nov 7, 2022

Fighting inflation doesn’t directly cause unemployment – but that's still the most likely outcome

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

The Guardian - UK · Oct 30, 2022

Economist Ha-Joon Chang: the Tory mini-budget was like trying to bring back terrible Tex-Mex

In a mouth-watering new book, the South Korean academic fuses his twin passions of food and economics to interrogate capitalism

Reason · Oct 18, 2022

Using Today's Economic Woes To Teach Teens Finance

At least we can treat the results of bad policy as case studies for what might otherwise have been dry lessons in economics and finance classes.

inkl Originals · Oct 15, 2022

The Weekly Wrap for Saturday, 15 October 2022

On Monday the Sveriges Riksbank prize (the Nobel Prize for Economics) was awarded to Ben Bernanke. We can trace the last century of American economics in his life's work. He's often described as the saviour of the last recession. But what about this one?

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