Last year, on November 16 (the anniversary of the Federal Reserve System, ironically), Milton Friedman died at the age of ninety-four. The editorial in the next day’s Wall Street Journal carried the headline “Capitalism and Friedman,” playing off the title of his 1962 work Capitalism and Freedom. The article’s subtitle read: “The man who made free markets popular again.”
Read Article : Was Milton Friedman Pro-Capitalist?
Frank Quattrone has just become the greatest businessman in three generations to escape the anti-business persecutions of twentieth-century liberalism. On August 22, government lawyers offered investment banker Quattrone a laughable “deferred prosecution agreement” that will result in their dropping all charges against him after a year, in return for his agreeing to such onerous conditions as not associating with known felons for the next twelve months.
Read Article : The Vindication of Frank Quattrone
“You’re right to point out the contrast I make between capitalism and morality.” So said New York Times columnist John Tierney in response to my 2002 article about his ongoing efforts to defend free markets. I had called my piece “Two Cheers for John Tierney,” because, after praising the libertarian columnist, I took him to task for the ethical sentiment embodied in one of his headlines: “Good? No, But Greed Is Useful.” “That expresses Tierney’s view perfectly,” I wrote.
Read Article : How Individualist is Human Nature?