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The Latest Breaking News from Milton Friedman

‘Social profit orientation’ can help companies and nonprofits alike do more good in the world

Economist Milton Friedman’s influential maxim, that a company’s sole obligation is to maximize profits, is outdated. Many companies have voluntarily integrated social concerns into their business operations through corporate social responsibility, or CSR, policies for years.

The Conversation

What Milton Friedman Got Wrong About Immigration and the Welfare State

He was wrong to think "You cannot simultaneously have a welfare state and free immigration."

Reason

Fed Chair Jerome Powell is trying to explain away the inflation rollercoaster—but money supply is absent from his script

Greenwood and Hanke examined the link between changes in the stock of broad money and inflation in 27 countries during the 2020-24 period.

Fortune

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Venezuela's Nicolas Maduro proves Milton Friedman right, 60 years later

Venezuela’s socialism started out democratically with Hugo Chavez’s election in 1998—then the Venezuelan economy—and democracy—collapsed.

Fortune

Reagan racialized poverty like no other

"Though Trumpism is ten times more terrifying than Reaganism, they share the same DNA"

Salon

Stiglitz's The Road to Freedom Under Scrutiny

Joseph Stiglitz thinks redistribution and regulation are the road to freedom—he’s wrong.

Reason

The Road to Freedom by Joseph E Stiglitz review – a vision of progressive capitalism seems too little, too late

The Nobel-winning US economist’s championing of government intervention to nullify neoliberal excesses is ardently expressed but unconvincing

The Guardian - UK

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The blinkered Bank of England plunged us into recession. It must cut interest rates now

City Voices: The Bank of England has kept interest rates too high for too long and we are all suffering as a result

Evening Standard

Rent Control Remains the Wrong Solution to Housing Woes

Restricting the price of housing kills incentives to supply places to live.

Reason

Barking Mad? Milei's Attachment To 'Dead' Dog Raises Sanity Worries

Does Javier Milei communicate with a ghost dog whose death he refuses to accept?

International Business Times

Is Javier Milei Making Argentina Great Again?

The new Argentine president is popular with American libertarians, but his record at home looks increasingly populist and authoritarian.

Reason

Doug Ducey on Budget Cuts, School Choice, and Arizona's Weird Politics

"Governors don't get to print money," the former Arizona governor tells Reason.

Reason

Elizabeth Warren's Terrible Model for Tech Regulation

Bad ideas never seem to truly die in Washington.

Reason

Jennifer Burns: Why Milton Friedman Matters More Than Ever

The biographer of the Nobel laureate says he made us "free to choose" in areas far beyond economics.

Reason

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Reason

Jennifer Burns on Milton Friedman's Legacy

Was Milton Friedman the most important libertarian of them all?

Fortune

The Californication of the country’s housing market

Record homelessness, sky-high rents, and homes affordable only to millionaires: A case study in how local control and a shifting national economy created today’s perverse housing market.

Reason

Yes, Heavy Regulation Hurts the Economy. Just Look at France.

We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?

Reason

The Best of Reason: Milton Friedman Was No Conservative

A new Friedman biography ably explores the economist's ideas but sidesteps the libertarian movement he was central to.

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Reason

Milton Friedman Was No Conservative

A new Friedman biography ably explores the economist's ideas but sidesteps the libertarian movement he was central to.

Evening Standard

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?

Fortune

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.

The Guardian - UK

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

Fortune

Can Elon Musk really save the world?

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

The Conversation

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.

Reason

Free Market Book Misstates the History of Free Market Thought

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

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