Inflation and the Reanimation of Dead Ideas

American Thinker ^ | 18 Aug, 2021 | Jon N. Hall

[MtnClimber]

A New Republic article trashing Milton Friedman is actually an important read for it gives us insight into how leftists approach “serious” economic analysis

The cover of the July-August edition of The New Republic features an interesting image of a well-known man whom one might not recognize unless one reads the blurb: “The Second Death of Milton Friedman.” On the opposite side of the cover, we read: “The economist died in 2006. And now, his pernicious and reactionary ideas are finally dead, too.”

So much death! And that alarming word “reactionary“ would suggest that Dr. Friedman wanted to take America back to some unsavory past. Egad, and just when things were going so well. But, since huge sectors of the U.S. economy haven’t operated under free-market capitalism for about a century, maybe a little “reaction” is just what the doctor ordered. Why not go all the way back to the late 1800s, when America had some real economic freedom.

TNR’s cover story for its summer edition is by one Zachary D. Carter. Because Mr. Carter’s “The End of Friedmanomics“ is long, and TNR gives a reader only three free reads, if one doesn’t have the time to read it all in a single sitting, then one may want to save it to one’s hard drive (see NOTE below for tips). But since the article is a mite long, the question becomes -- Is it worth one’s time?

SNIP

Carter also does a decent job of tracing the evolution of Friedman’s thought, as well as treating some of his pet ideas, like school vouchers, his libertarian positions, and his take on voting: “True democracy, Friedman insisted, was to be found not through the franchise, but the free market, where consumers could express their preferences with their unencumbered wallets.”

[MtnClimber]

The left hates any form of freedom that is good, only permitting for evil expression of self choice.

[griswold3]

TNR is relishing the new Corporatism that they now manage. We’re herded to big businesses that are easier to control by blackmailing them with threats of regulation and taxation.
Same as it ever was. The National Socialists in Germany did the same thing.
Vampire Economy
https://cdn.mises.org/the_vampire_economy_20201022.pdf

[Demiurge2]

Were I a liberal, I would view Milton Friedman the way vampires view crosses.

[Uncle Miltie]

Reports of my death have been greatly exaggerated.

[EastTexasTraveler]

What they really hate most about Milton Friedman is that he was right. When hyperinflation arrives, they will know how right he was.