Free market economist Milton Friedman dead at 94
A free-market economist, Friedman preached free enterprise in the face of government regulation and advocated a monetary policy that called for steady growth in money supplies.
His ideas played a pivotal role in informing the governing philosophies of world leaders like former British Prime Minister Margaret Thatcher and former U.S. President Ronald Reagan.
Friedman believed that economic stabilization policy did not operate like a thermostat, because of the 'long and variable lag' between policy actions and their ultimate effects.
comments powered by Disqus
- Revised AP U.S. History Standards Will Emphasize American Exceptionalism
- In a county that tried to amend U.S. history course, a lesson in politics
- Overhauling La Guardia, an Airport With a Historical Name but a Tarnished Image
- Now it can be told: The weakening of the Voting Rights Act of 1965 is the crowning achievement of GOP partisans who detested the law
- Japanese textbooks may sanitize history, but comic art books don't
- Historians Against the War gathering signatures for new resolution to AHA on alleged violations of academic freedom in Israel
- Academic Seeks Death Certificate for Outlaw Billy the Kid
- Murderer of historian of Czech Jewry goes on trial
- Election results are in for the American Historical Association
- Nial Ferguson warns Obama’s bet on Iran has low odds of success