Short of erecting impregnable police states, governments can’t keep exchange media from circulating where exchange takes place.

The 2026 Nobel Prize in Economics honors Robert Hall and Michael Woodford for advancing macroeconomic stabilization rooted in microeconomic foundations, blending Keynesian and Chicago School ideas.

Milton Friedman famously said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in ...

Economists working with GiveDirectly injected roughly $10 million into rural Kenya to test what large unconditional cash ...

On December 6, AEI’s Director of Domestic Policy Studies Matthew Continetti welcomed Stanford University’s Dr. Jennifer Burns to discuss her new book, Milton Friedman: The Last Conservative. Milton ...

In 2002, three months after Milton Friedman turned ninety, a celebratory conference was convened at the school that had become synonymous with his ideas. Ben Bernanke, then a member of the Federal ...

"Was Milton Friedman the most important libertarian of them all?" Reason's Nick Gillespie asked Stanford historian Jennifer Burns during a live taping of The Reason Interview With Nick Gillespie ...

Today marks the 100th anniversary of the birth of Nobel Prize-winning economist Milton Friedman, who played an indispensable role in making the case for market freedom and individual liberty in the ...

Milton Friedman was one of the most influential economists of the 20th century, right alongside John Maynard Keynes. His work pushed economic thought toward free markets in the 1970s and 1980s. His ...

Milton Friedman, history’s most famous free market economist and 1976 Nobel laureate, passed away last week at the age of 94. The TaxA tax is a mandatory payment or charge collected by local, state, ...

He opened the door. I said, “Dr. Friedman, I’m Bob Chitester.” He said, “Please call me Milton. We’ve been expecting you. Come in and meet Rose.” That was January 14, 1977 in San Francisco, just weeks ...

This book review is a web exclusive for the Spring 2024 issue of The Independent Review. Stanford University historian Jennifer Burns has written a definitive biography of economist Milton Friedman ...