Topic: Milton Friedman
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The Daily Reckoning
Welfare. Old elephants. And the entitlement cliff.Welfare states depend on growth to fuel their spending. But when growth slows to a crawl....
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Opinion: In quest for jobs, Fed chair Bernanke's money spigot hurts economy in long run
US unemployment fell to 7.8 percent (a possible boon to President Obama, whose economic leadership Mitt Romney criticizes). But job growth remains slow. Fed Chair Bernanke's quantitative easing policies aim to boost the economy, but they will more likely spur inflation and capital flight.
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Tax VOX
Five ways to tax the 47 percentGleckman offers five suggestions for reducing the portion of Americans who do not pay federal income tax.
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Opinion: Why Paul Ryan is no Ayn Rand on Social Security
Mitt Romney's running mate Paul Ryan deserves credit for trying to tackle the coming entitlement crisis. But whatever you can say about his plan for Social Security, you cannot ascribe it to Ayn Rand. Rand did not want to save Social Security; she wanted to end it.
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The New Economy
Greed is (not) good. Here's a better capitalism.Profit should not be the sole goal of business. Profit should be the byproduct of business excellence.
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The Circle Bastiat
He's a fan: One man's defense of Ron PaulA staunch libertarian, presidential candidate Ron Paul has always had interesting ideas about how best to run the American economy. From Austrian economics to the gold standard and free market money, a new book outlines and defends Paul's plans.
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Stefan Karlsson
The battle of the Pauls: Ron Paul talks economic theoryRon Paul and economist Paul Krugman debated fiscal theory on Bloomberg TV. Who won?
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Donald Marron
Memories are a durable investmentSkip the new high heels. You'll get more lasting enjoyment out of going bungee jumping, driving hours to try a new restaurant, or getting lost on vacation.
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The Circle Bastiat
What Bernanke gets wrong about the gold standardThe redistribution created by the Fed’s monetary pumping actually weakens the economy over time as real savings is squandered on malinvestments. With gold as money, real production and savings is stimulated. Federal Reserve chairman Ben Bernanke doesn't understand that.
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Tax VOX
Rick Santorum's tax plan explained Rick Santorum's tax agenda would lower rates for individuals and corporations, substantially cut taxes on capital, and increase the personal exemption for dependent children. Like those of his GOP rivals, Rick Santorum's plan would likely add trillions to the federal deficit.
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Opinion: New Year's resolution: Seek the other side in political commentary
Thirty years ago, I got into the habit of consulting a political commentator with whom I might disagree, starting with William F. Buckley Jr. While only others can say if it’s made me a better citizen, I do know that it's been a great deal of fun, not to mention enlightening.
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The New Economy
Is the curtain falling on the eurozone?The eurozone will be a different place from what it is today, even if EU leaders take the serious steps necessary to tackle the eurozone's debt problem.
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Decoder Wire
Rick Perry joins flat tax parade – a hot idea fresh from the 1860sRick Perry follows Herman Cain in proposing a flat tax. Ron Paul has endorsed the idea before, too. But the hot new idea among GOP presidential candidates is as old as the Civil War.
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The Vote
How flat will Rick Perry's flat tax be?Rick Perry is going to propose a flat tax plan soon. He’s said it’s going to be 'flatter and fairer' than Herman Cain’s signature '9-9-9' proposal, which has been hammered by his rivals.
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The New Economy
Corporate responsibility is a conservative causeMany conservatives believe corporate responsibility is a liberal idea. But the roots of corporate responsibility stretch back to ancient, biblical truths.
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Can governments change the economy? American economists share Nobel.
American economists Thomas Sargent of New York University and Christopher Sims of Princeton were awarded the Nobel Prize in Economics for developing analytical methods used by governments today.
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On the Economy
Spending through the tax codeThose who pledge not to raise taxes yet are comfortable with spending cuts make an artificial distinction between spending and tax cuts which look and smell no different from spending.
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Rupert Murdoch: Is a pie in the face a legitimate political statement?
Rupert Murdoch is the latest in a long line of prominent figures who have had a pie thrown at them. Is pie-ing the best way to confront the powerful?
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The Adam Smith Institute Blog
Governments shouldn't borrow. Period.If governments weren't ever allowed to borrow, they wouldn't accumulate massive debt for future generations
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The New Economy
Portugal: strike three for the eurozone?An EU bailout of Portugal now seems inevitable.But at some point, EU taxpayers are likely to tire of bailing out nations like Portugal, which seem unwilling to curb their spendthrift ways.
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Opinion: Before NPR scandal, a warning about 'elite' liberals: compassion turns to coercion
Long before the NPR scandal underscored liberal condescension toward conservatives, Lionel Trilling saw the hidden hope of power that lies in the heart of those who seek to improve society. President Obama has renewed this progressive impulse, limiting our freedom and prosperity.
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Tax VOX
What it will take to balance the budgetStriking a balance between spending and revenue in Washington will be no easy task.
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Green Economics
Green energy vs. the dirty status quoCan green energy find its own market without the government's help?
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Paper Economy
Another recession? Here's what indicators really say.Two leading indicators point to continued growth, not recession.
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ThinkMarkets
The Fed has no clothes?In a recent speech, Charles Plosser, president of the Philadelphia Federal Reserve, criticized current Fed policy and the response to the financial crisis.
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