[Ed. note: Milton Friedman’s views are also explored in Part I of this series (worldview) and in Part III (political capitalism).]
…“Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a surplus? Have the government legislate a minimum price that is above the price that would otherwise prevail…. Do you want a shortage? Have the government legislate a maximum price that is below the price that would otherwise prevail.”
– Milton and Rose Friedman, Free to Choose (New York: Harcourt Brace Jovanovich, 1979), pp. 219.
“It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the automatic response to the oil crisis.”
– Milton Friedman, “Why Some Prices Should Rise,” Newsweek, November 19, 1973.
[Ed. note: Milton Friedman’s views will be further explored in Part II on energy and Part III on political capitalism.]
“Our central theme in public advocacy has been the promotion of human freedom … [It] underlies our opposition to rent control and general wage and price controls, our support for educational choice, privatizing radio and television channels, an all-volunteer army, limitation of government spending, legalization of drugs, privatizing social security, free trade, and the deregulation of industry and private life to the fullest extent possible.”
– Milton and Rose Friedman, Two Lucky People (1998), p. 588.
Today some 150 events are taking place in the U.S. and internationally to commemorate the 100th anniversary of the birth of Milton Friedman (1912–2006). I will be hosting a Houston event this evening with presentations by myself and University of Houston economist Thomas Mayor on Friedman’s many contributions that, in sum, opened the door for libertarian thought in academia and within the wider public.…
“In the current energy debate, the diligent amateurs are often the real pros, and too many ‘pros’ are amateurish.”
MasterResource continues apace as a movement-wide voice of free market energy scholarship. Nearly 150 different authors have been featured at our site since its inception in late 2008. Total views have surpassed 1.3 million, with many visits by those searching on a topic relevant to past posts.
MasterResource is rated a top 30 (of 10,000) “green blog,” and a “Top 100” Science blog, according to Technorati.
With 435 categories in our extensive index, MasterResource is a research tool, not only a timely contribution to energy scholarship and current political debates. We are Google friendly with many energy terms (try one with ‘masterresource’).
I have lauded our ‘talented amateurs’ in previous activity reports.…