STAFF NEWS & ANALYSIS

We Need a More Socialist Milton Friedman … Not

By – February 24, 2017

Milton Friedman had many ideas that I disagree with, and others that I think haven’t stood the test of time. But there’s no denying his influence over the world of economics; he was one of the field’s greatest popularizers and explainers. … For many Americans, the face of Milton Friedman is still the face of economics. -Bloomberg

No, we don’t need another Milton Friedman. We need a person who enunciates the real differences between socialism and free markets.

Friedman didn’t do that. On the big issues like central banking and taxation he was muddled at best. He was most eloquent and firm about smaller issues.

The result is a message that is not homogeneous or even well argued. His narrative is one that evades significant issues while celebrating minor