The Latest Breaking News from Milton Friedman

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

From my UCLA colleague Prof. Stephen Bainbridge.

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.

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

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

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

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

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

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:

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

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.