Over at the New York Times Robb Mandelbaum notes how the Small Business Administration has caved to political pressures and once again made the definition of “small” business so broad as to include virtually every firm in the economy. This was a key theme of two books I wrote in 1996 and 2001, including...
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I’ve subscribed to Newsweek for more than 30 years. I started subscribing in the 1970s, partly because I wanted a magazine that summarized the week’s news (plenty of choices there) and partly because Newsweek ran a monthly column by Milton Friedman. When I started subscribing I didn’t notice what some might call a liberal...
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In an editorial published in the Wall Street Journal on 9/11, former Reagan and George H. W. Bush public official Peter Ferrara writes that “the fallacies of Keynesian economics were exposed decades ago by Friedrich Hayek and Milton Friedman. Keynesian thinking was then discredited in practice in the 1970s, when the Keynesians could neither...
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