Word: friedmanism
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...pages later came the now famous quote from economist Milton Friedman: "We are all Keynesians now." Friedman later objected that it was taken out of context--all he meant was that everybody used Keynesian language and concepts. But the phrase stuck. It's often attributed these days to Republican President Richard Nixon, but what Nixon actually said, in 1971, was the less expansive "I am now a Keynesian...
...Friedman wasn't a Keynesian at all. He distrusted government and didn't believe that bureaucrats could fine-tune the economy for long. His student Lucas offered another criticism: for Keynesian fiscal policy to work, taxpayers had to be awfully shortsighted. Otherwise, they'd see that deficit-financed tax cuts or government spending would eventually have to be paid for, and they'd set money aside for that rainy day--thus counteracting the stimulus...
...cost of the energy poverty they are sustaining... The ability to develop clean power and energy-efficient technologies is going to become the defining measure of a country’s economic standing.” This argument may be forward-looking, but it has already gone mainstream. If Friedman is trying to become the Energy Climate Era’s Rachel Carson, Garrett Hardin, and Thomas Malthus all in one, he seems to have forgotten that figureheads like Al Gore have already made his arguments accessible to the masses and, perhaps, in an even more appealing fashion. Friedman?...
...American Civil War—generated some controversy among Civil War historians when it was published in 1997, but has sold under 10,000 copies since it was first printed. Notable past winners of the non-fiction title include Rachel Carson, George F. Kennan, Gore Vidal, and Thomas L. Friedman. The other finalists were Annette Gordon-Reed, a professor at Rutgers and New York Law School, journalists Jane Meyer and Jim Sheeler, and Cambridge resident Joan Wickersham. Faust has said in past interviews that “This Republic of Suffering” will likely be her last book...
...typical day in his Kirkland suite, Michael “Mikey” J. Friedman ’11 could be found singing “Hakuna Matata,” playing with the protein modeling computer program Pymol, or coming up with some harebrained scheme to entertain and distract his friends, they said. The aspiring oncologist passed away last week at the age of 19, bringing an end to his four-and-a-half year battle with desmoplastic small round cell tumor, a rare and aggressive form of cancer. Friends and family said that Friedman exuded brightness?...