Market Watch (Free subscription) | yesterday
Rupert Murdoch, chief executive officer of News Corp., is one of the most successful and complex leaders in the media universe. But his biographer Michael Wolff has a simple explanation for what makes Murdoch tick.
Vox Verax (Free subscription) | 28/11/2008
frpm Existentialist Cowboy As recently as 2005, Milton Friedman was still singing the praises of utterly failed economic policies that had been put to the test by Ronald Reagan and Bush Sr and found tragically lacking. Friedman is enamored with policies that bankrupted the nation, made terrorism worse, created the longest, deepest recession since the crash of 1929, exported jobs abroad and resulted...
InformedTrades (Free subscription) | 28/11/2008
Jon Friedman is starting to feel a little guilty about the mediaâs treatment of President-elect Barack Obama -- and he may not be the only one....
Market Watch (Free subscription) | 28/11/2008
Jon Friedman is starting to feel a little guilty about the media’s treatment of President-elect Barack Obama -- and he may not be the only one.
Amspecblog (Free subscription) | yesterday
Ezra Klein has suggested that Ben Bernanke's "extremely aggressive" moves during the financial crisis have undermined the case for Milton Friedman's monetarism, but Ezra is working off of an inaccurate understanding of monetarism. Friedman's argument wasn't that we need more aggressive monetary policy, but actually, quite the opposite. He believed that no matter how brilliant its board...
Gaian Economics (Free subscription) | 8 hours ago
My friend Barbara Panvel posts weekly at The Stirrer : 'campaigns that count in Birmingham, the black country and beyond'. Her latest post is addressed to Helicopter Ben - Ben Bernanke of the Federal Reserve who is now following up on Milton Friedman's suggestion that dropping money from helicopters might be a way to deal with deflation. Nothing could better illustrate the desperation of policy-makers...
feed://hot-topic.co.nz/feed/ (Free subscription) | 30/11/2008
The following column was written for the Waikato Times in October. For the Hot Topic posting I’ve brought the final paragraph up to date, recognising that Obama will head the new administration. Hopefully that will lend substance to Friedman’s optimism. Thomas Friedman’s recently published book Hot, Flat and Crowded offers ground for cautious hope in the [...] [Get the full story at Hot Topic...]
Brilliant at Breakfast (Free subscription) | 18 hours ago
If I'd known this was coming I'd have bought a party dress. But instead I'm just putting on a nice sweater and skirt and some good jewelry and guestblogging intermittently at BradBlog , with cross-posts and original content, throughout the holiday season. So if you haven't put Brad Friedman's indispensable site on your daily read list, well, there's no time (or gift) like the present.
Global Dashboard (Free subscription) | 6 hours ago
As regular readers will know (since I post this quote about once a month), I’m a fan of Milton Friedman’s sage advice to his fellow monterarists when they were still voices in the wilderness: “Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend [...]
MediaChannel (Free subscription) | yesterday
Thomas Friedman's Sermon From The Mount Of The NYT Op-Ed Page
The Huffington Post (Free subscription) | 5 hours ago
... at Salon.com, Andrew Leonard highlights a New York Times column by economist Paul Krugman on how Friedman's monetarist economic theory has taken a hit over the past year. Friedman's doctrine calls for restricting government relief in times of economic strain to the arena of monetary policy--that is, central banks should increase the supply of money in the economy, but governments...
The Visible Hand in Economics (Free subscription) | 30/11/2008
Over at Paul Krugman’s blog he discusses the idea that monetary authorities could have prevented the Great Depression and how that relates to now (ht Economist’s View). Specifically he states that recent events imply that “the thesis of the Monetary History (Friedman’s book) has just taken a hit”. I am not sure I agree with [...]
Across the Great Divide (Free subscription) | 5 hours ago
... bequest might include: Secretary of Defense Gates. You're welcome to the other guy, too. Milton Friedman's Capitalism and Freedom, Monetary Mischief: Episodes in Monetary History and Program for Monetary Stability. Signed, boxed set. Mint. Military-style flight suit, size 42 tall. Worn once. White House email backup system. The sucker never worked right, but hey! Map of undisclosed locations....
The Economist (Free subscription) | 28/11/2008
Was he wrong about monetary policy? BACK in the summer, Free Exchange hosted a book club, in which we all read and discussed Captalism and Freedom. Included in this discussion was Mr Friedman's chapter on monetary policy, which recapitulated his views as expressed in his work A Monetary History of the United States (co-written with Anna Schwartz), and updated them to place primary blame for...
Contrarian Musings (Free subscription) | 18 hours ago
Ben Bernanke gave a speech today to the Austin Chamber of Commerce (why doesn’t my chamber get speakers like this') and he reprised part of his famous helicopter speech of a few years ago. The helicopter reference is actually from Milton Friedman who said you could always create inflation by dropping dollars from a helicopter. [...]
