Milton Friedman on Iraq War

“Mr. Friedman here shifted focus. "What's really killed the Republican Party isn't spending, it's Iraq. As it happens, I was opposed to going into Iraq from the beginning. I think it was a mistake, for the simple reason that I do not believe the United States of America ought to be involved in aggression." Mrs. Friedman--listening to her husband with an ear cocked--was now muttering darkly.

Milton: "Huh? What?" Rose: "This was not aggression!" Milton (exasperatedly): "It was aggression. Of course it was!" Rose: "You count it as aggression if it's against the people, not against the monster who's ruling them. We don't agree. This is the first thing to come along in our lives, of the deep things, that we don't agree on. We have disagreed on little things, obviously--such as, I don't want to go out to dinner, he wants to go out--but big issues, this is the first one!" Milton: "But, having said that, once we went in to Iraq, it seems to me very important that we make a success of it." Rose: "And we will!"

-In an interview on WSG; The Romance of Economics Milton and Rose Friedman: Dinner with Keynes? Yes. War with Iraq? They disagree


The Great Friedman
Milton Friedman - Economist Who Showed The Way For Thatcher
Milton Friedman On Prohibition
Shalom Milton Friedman
Is Monetarism Dead?
Milton Friedman and the Pencil
All the obituaries of Milton Friedman relate this little anecdote
An Appreciation of Milton Friedman
Milton Friedman: How to Cure Health Care
Friedman deserves the thanks of everyone opposed to conscription
Milton Friedman Died. Did We Lose a Scientist?
Milton Friedman, A Modern Galileo
Friedman's theories leave a mixed legacy (something from England)
The Legacy of Milton Friedman
What Bush Could Learn From Milton Friedman
Milton Friedman on Hong Kong (1998)
Origin of the Methodology of Positive Economics?

On the Origins of "A Monetary History" (via Tyler Cowen)
"This paper explores some of the scholarship that influenced Milton Friedman and Anna J. Schwartz's "A Monetary History". It shows that the ideas of several Chicago economists -- Henry Schultz, Henry Simons, Lloyd Mints, and Jacob Viner -- left clear marks. It argues, however, that the most important influence may have been Wesley Clair Mitchell and his classic book "Business Cycles" (1913). Mitchell, and the NBER, provided the methodology for "A Monetary History", in particular the emphasis on compiling long time series of monthly data and analyzing the effects of specific variables on the business cycle. A common methodology and the stability of monetary relationships produced similar conclusions about money. Friedman and Schwartz deemphasized Mitchell's "bank-centric" view of the monetary transmission process, but they reinforced Mitchell's conclusion that money had an independent, predictable, and important influence on the business cycle."


Powered by Movable Type 5.02

About this Entry

This page contains a single entry by Paul published on November 19, 2006 11:42 AM.

Cruise, Holmes leave for Maldives honeymoon was the previous entry in this blog.

Podcast of Day- Boyer Lectures is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.