Library of Economics and Liberty
Features Editor Russell Roberts sat down with Milton Friedman, a few days before his 94th birthday, to discuss the impact of two of his most important contributions to economics and liberty: A Monetary History of the United States, 1867-1960 (co-written) with Anna Schwartz, and Capitalism and Freedom.
They discuss the role of the Federal Reserve from the Great Depression through today and what the future might hold for inflation. Turning to the principles and policy issues and Capitalism and Freedom, they discuss the success (and failure) of the policy proposals that Friedman advocated in the book. The wide-ranging conversation looks at everything from sugar quotas to the social responsibility of business. Along the way, Friedman reminisces about his dual career as professional economist and public intellectual.
An edited transcript containing excerpts of this interview:
http://www.econlib.org/library/Columns/y2006/Friedmantranscript.html
Listen to the actual conversation (part of the EconTalk podcast
series), here:
Friedman Podcast Part I: http://www.econtalk.org/archives/2006/08/milton_friedman.html
Friedman Podcast Part II:
http://www.econtalk.org/archives/2006/09/friedman_on_cap.html
Ibsen Martinez talks about John Lynch's biography of Simón Bolívar and the Latin American dream of economic development:
Bolívar: 200 Years of Failure?:
http://www.econlib.org/library/Columns/y2006/MartinezBolivar.html
Anthony de Jasay introduces a parable to explain several misconceptions about inflation:
The Yakoubovich Syndrome, or Lies, Damn Lies and Economic Policy:
http://www.econlib.org/library/Columns/y2006/JasayYakoubovich.html
On EconLog with Arnold Kling and Bryan Caplan this week, read about
Envy, Happiness, and Social Policy, the Statistics Police, and more:
http://econlog.econlib.org
David Ranson's article on Inflation is featured in the Concise Encyclopedia
of Economics, along with the biography of Ludwig von Mises, who
was born on September 29, 1881:
http://www.econlib.org/library/CEE.html
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