Milton Friedman

This Washington Post story about bipartisan efforts to craft a deficit deal reports on a pretty important political drama, but it's obscured by a lot of cant and posturing: The effort faces hurdles, including a wary White House and a Republican House majority that includes a large contingent of ardent conservatives. READ MORE >>

Paul Krugman notices that the new right-wing hard money view is ideological and anti-empirical, as opposed to Milton Friedman's monetarist views: READ MORE >>

My TRB column in the current issue is about the conservative movement's newfound opposition to monetary loosening during an economic crisis, and the charged question of what motivation has brought about this ideological turn: READ MORE >>

Ease the Day

Of all the strange things that Republicans have freaked out over during the last two years—a federal version of Mitt Romney’s health care plan, a continuation of George W. Bush’s bank bailout, a failed attempt to implement John McCain’s climate bill—perhaps the strangest target is Milton Friedman’s monetary policies. Yet here we are. READ MORE >>

As if there weren’t enough transatlantic rifts already, from the Middle East to the environment, another has opened over economic policy. European governments are still reeling from the dégringolade of late 2008 and now the crisis which began in Greece and nearly brought the Euro to its knees.  READ MORE >>

The Usefulness of Cranks

Paradise Found: Nature in America at the Time of Discovery By Steve Nicholls (University of Chicago Press, 524 pp., $30) American Earth: Environmental Writing Since Thoreau Edited by Bill McKibben (Library of America, 1,047 pp., $40) Defending The Master Race: Conservation, Eugenics, And The Legacy Of Madison Grant By Jonathan Peter Spiro (University of Vermont Press, 462 pp., $39.95) READ MORE >>

Right is Wrong: How the Lunatic Fringe Hijacked America, Shredded the Constitution, and Made Us All Less Safe (And What You Need To Know To End The Madness) By Arianna Huffington (Alfred A. Knopf, 388 pp., $24.95) I. READ MORE >>

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