George Gilder vs. Milton Friedman on the Function of Money
George Gilder states that free market icon Milton Friedman’s quantity theory of money “has been proven wrong,” arguing that a stable dollar as essential to a prosperous economy. Read More ›
Government Workers Less Productive?
Which group of workers contributes most to the gross domestic product? One could have a lively debate about this question. As one who is a firm believer in small and limited government, I argue that two of the most productive workers are elementary school teachers, who teach children basic reading and math skills, and honest and wise judges.It is hard Read More ›
War Against the Stock Market
Why is the stock market still depressed? In one word, Washington. The Washington political class has engaged in a steady stream of actions and proposals over the last few months that would depress any economy and investor. To explain this, I shall begin with a digression. Last month, the president decided to honor the great Nobel Prize-winning economist, Milton Friedman. Read More ›