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  • Milton Friedman

    You Can Build That—with the Help of the Market

    President Obama’s “You didn’t build that” comment has drawn much attention. The reactions from both the President’s defenders and his critics illustrate a profound misunderstanding about how the market actually allows us to cooperate. As Milton Friedman, echoing Foundation for Economic Freedom founder Leonard Reed, pointed out: “not a single … More

    Milton Friedman: Father of the All-Volunteer Military

    Milton Friedman, who would be 100 years old today, is primarily remembered as a Nobel Prize winner in economics. But for all his achievements in his chosen field, it is a very different accomplishment that may be his biggest legacy. Friedman is known by those in the defense field as … More

    Taxmageddon and Obamacare: What Would Milton Friedman Say?

    “I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible,” economist Milton Friedman once said. So the Nobel Prize winner would undoubtedly be concerned this year as Taxmageddon, the one-year $494 billion tax increase that is poised to strike the … More

    Morning Bell: Friedman's Legacy of Fighting for School Choice for All

    On the late Milton Friedman’s 100th birthday today, his words are truer than ever: “There is no respect in which inhabitants of a low-income neighborhood are so disadvantaged as in the kind of schooling they can get for their children.” And the news from many parts of the country is … More

    Remembering Milton Friedman's School Choice Legacy

    Let us imagine we have the power to rebuild our education system from the ground up—an appropriate mental exercise as we remember the late Nobel Prize–winning economist Milton Friedman on his 100th birthday tomorrow. If we could rebuild our education system from scratch, it’s unlikely we would create a system … More

    Chart of the Week: Crony Capitalism Leads to Higher Sugar Prices

    Sugar producers contribute only a small percentage of value to overall U.S. crop production, yet the industry continues to reap the rewards from government thanks to a significant lobbying presence and sizable campaign donations. The result is government interference in the sugar market, which dates to the 1930s Depression. American … More

    VIDEO: Wisconsin Senator Blasts Obama's 'Depressing Display of Economic Ignorance'

    Sen. Ron Johnson (R-WI) spent 31 years in manufacturing before his election to Congress last November. He’s not letting that experience go to waste. Johnson is out with a new video this morning to coincide with President Obama’s visit to Carnegie Mellon University in Pittsburgh to promote manufacturing. He criticizes … More

    Krugman Blunders on Analysis of U.S. Manufacturing

    Paul Krugman recently lamented the fact that in recent years, “manufacturing, once America’s greatest strength, seemed to be in terminal decline.” His analysis, though, misses the mark. He reached this conclusion because “in the 1990s, U.S. manufacturing employment was more or less steady. After 2000, however, it entered a steep … More

    Milton Friedman on School Choice

    Milton Friedman spent his adult life advocating for choice and competition in a free market system. Schools were no different. In this video Milt advocates the use of School Vouchers because he assumes that competition is a way in which both public and private schools can be required to satisfy … More

    Rose D. Friedman, Quite a Teacher

    Liberty lost one of its finest advocates this morning. Rose Director Friedman died of heart failure in Davis, Calif. She was thought to be 98. Rose was best known as the wife of Milton Friedman, the Nobel Prize-winning economist, who died in 2006. But Rose, an economist herself, was Milton’s … More