Milton Friedman

May 25, 2023

End the Fed’s Cat-and-Mouse Game to Tame Inflation

Nine times. If you’ve seen the classic ’80s film Ferris Bueller’s Day Off, you recognize and can hear the principal’s voice. Ferris, an overconfident and overzealous teenager, has managed to ditch school with his two pals—again. Continue Reading...

December 16, 2021

Inflation is real and we’re experiencing the costs and consequences

Generally, the topic of inflation is considered dry and uninteresting, but it is one that has garnered much attention and debate over the past year. There are competing narratives as to what inflation is and why it matters, and even whether the U.S. Continue Reading...

December 13, 2021

The social responsibility of business is still to its business

Most people have intuitions about moral issues of consequence, but we often find it difficult to put these intuitions into words. Something seems to us to be right or wrong, but we struggle to express our ideas accurately and to explain why our intuitions are reasonable and compelling. Continue Reading...

August 27, 2021

How scientism hinders the pursuit of truth and meaning

Scientism, or the belief that all truth must be empirically verifiable, is growing in society. Given the philosophical and practical flaws inherent to this ideology, it is important to understand how it manifests in modern life. Continue Reading...

July 31, 2020

6 quotes: Milton Friedman on woke capitalism, racism, and equality

Milton Friedman was born on July 31, 1912. His work in pioneering monetary theory at the University of Chicago would win him the Nobel Prize for Economic Sciences in 1976 and popularize a new school of free-market economics, “The Chicago School.” Continue Reading...

November 22, 2019

Nibbling at Dylan Pahman’s Chick-fil-A argument

As though guided by an invisible hand Dylan Pahman and I – independently and without coordination – each posted an essay about Chick-fil-A’s philanthropic giving within minutes of one another, each with slightly different emphases. Continue Reading...

November 20, 2019

The social responsibility of Chick-fil-A is to make delicious sandwiches

Chicken giant or giant chicken? That is the question conservative cultural commentators are asking this week as news broke that restaurant chain Chick-fil-A, known for being closed on Sunday due to its owners’ Christian values, announced that it will no longer support the Salvation Army and the Fellowship of Christian Athletes. Continue Reading...

August 05, 2019

Milton Friedman on business as an enemy of enterprise

Milton Friedman is one half of the duo so often identified with “neoliberalism” (the other being Friedrich Hayek), the hegemonic power that is typically seen as constitutive of our contemporary age. Continue Reading...

June 17, 2019

Business is bad. Can it also be good?

There are many reasons to critique business these days. From crony capitalist practices to surveillance capitalism and data collection, from abuse of the environment for short term profits to siding with the fashionable for short term praise at the expense of religious freedom and long term cultural health. Continue Reading...

February 03, 2017

Trade as a path to social harmony and peace

In 1980, PBS first aired Milton Friedman’s series, “Free to Choose,” which chronicled the glories of liberty across a range of areas, from welfare policy and education to healthcare, monetary policy, and beyond. Continue Reading...

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