Latest Milton Friedman Items
In this thin volume, Daniel J. Flynn tells of an era that, if not exactly prelapsarian, was a time when a fair number of regular, walking-around Americans showed interest in the intellectual tradition of the West, and a small number of artists and thinkers catered to this desire for knowledge
America is a nation on the brink. The 2012 presidential election will not be between two candi- dates so much as between two ideas. Will Americans once again embrace the principles of limited government, individual liberty and free-market capitalism that made us great, or will we follow President Obama's path of growing statism that leads to European-style socialism?
"The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.- Milton Friedman
"One of the great mistakes," Nobel Prize-winning economist Milton Friedman once remarked, "is to judge policies and programs by their intentions rather than their results." But that "great mistake" is exactly what the Obama campaign hopes Americans will make come November 2012.
President Obama recently compared the Tea Party to the Occupy Wall Street protests, telling ABC News' Jake Tapper, "in some ways they're not that different." We beg to differ. The Tea Party and the protesters are almost exact opposites.
If only we had followed his recommendations, the United States and the rest of the world would not be in the present mess. On Oct. 26, the world lost one of its wisest, most competent and principled economists, William Niskanen. Bill did his undergraduate work at Harvard and earned a doctorate from the University of Chicago, where he studied under Milton Friedman. He then taught at a couple of leading universities, was a high-level official at the Office of Management and Budget and the Defense Department, served as chief economist of the Ford Motor Co., was a member and, ultimately, head of President Reagan's Council of Economic Advisers and finally, served for more than two decades as the chairman of the Cato Institute.
The Duke of Windsor (no relation) once said that what impressed him most about America was the way parents obey their children. To the extent that they do, it is because, in the land of opportunity, the future matters more than the present. And, of course, the children are our future.
There is a problem brewing in the House of Representatives of which most conservatives in and outside Congress are largely unaware. It has to do with H.J. Res. 1 - the balanced budget amendment - soon to be voted on per the debt-ceiling "deal" struck by Congress and the president. While H.J. Res. 1 is a solid first effort - and we have urged support for it as a symbolic vote - it is possibly fatally flawed and should be revised.
Despite the incredible progress made in China over the years, John Lee is perfectly right to be troubled by the rampant cronyism that has become a staple of the Chinese economy ("China's state-owned billionaires," Commentary, Friday).