Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

Book Review: A brief primer on the ideas of Milton Friedman

The Book: Milton Friedman: A concise guide to the ideas and influence of the free-market economist by Eamonn Butler The Gist: As the subtitle suggests, this short book provides a concise overview of the ideas and influence of the late economist, Milton Friedman The Quote: “[T]he supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. Continue Reading...

Milton Friedman debates President Trump on trade

Many of us thought it was empty rhetoric or that an advisor who had read an economics textbook would talk him out of it. But yesterday President Trump announced he’ll keep his campaign promise to start a trade war by slapping tariffs of 25 percent on foreign-made steel and 10 percent on aluminum. Continue Reading...

Milton Friedman vs. Bernie Sanders

The presidential campaign of Bernie Sanders is about to come to an end. Unfortunately, though, the Democratic Socialism espoused by Sanders will live on long after his presidential ambitions have faded. Continue Reading...

Donald Trump and Milton Friedman Debate Free Trade

If it wasn’t for Bernie Sanders, Donald Trump would win the title of most economically illiterate presidential candidate in the short history of the twenty-first century. A prime example of why he’d earn this ignoble title is Trump’s opposition to free trade — a position which, not surprisingly, he shares with Sanders. Continue Reading...