Word: miltonic
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...given the short-term boost in domestic demand, but it was a cataclysmic event for the global economy in the medium and long run: Countries soon became entangled in a protectionist race and subsequent trade war that caused American foreign trade (imports and exports) to almost halve. According to Milton Friedman, it created a perfect storm that turned a severe contraction into a depression of global proportions that only ended through world...
...Stranger yet, Uncle Milton's Force Trainer wasn't the only levitational gadget at this year's American International Toy Fair, the four-day trade show that brings a gazillion manufacturers and retailers together every February in New York City. Also on display was Mattel's new Mindflex, which has players move a tiny foam ball through a mini-obstacle course with their thoughts. Or, more precisely, with their brain waves. (See the best toys from the 2008 American International Toy Fair...
...Just think of it as a drinking game, an onlooker said during the Mindflex demo at the toy fair - which, irony of ironies, does not allow any kids inside. The $79.99 game, like Uncle Milton's Force Trainer, is intended for ages 8 and up. (See the top 10 gadgets...
...Schwartz should know. In 1963, she and Milton Friedman published the 888-page tome “A Monetary History of the United States.” In it, they argued that the Federal Reserve Board failed to prevent a succession of bank failures and, thus, failed to inspire confidence in the market in 1932 and 1933 because it lacked the “vigorous intellectual leadership” necessary to do so. Weak leadership did not overcome antagonism between the 10-year-old Fed and the New York Clearinghouse—a fate that could befall Geithner?...
...have one course on Milton and another on Anglo-Saxon poetry,” Menand said of the “Poets” category, “and that’s no common ground...