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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Nov. 28, 2006 / 7 Kislev, 5767

Confession about a little giant

By Paul Greenberg


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http://www.JewishWorldReview.com | A confession: It took me quite a while to see anything much to this Milton Friedman fellow. Back in 1980, his capitalist manifesto, "Free to Choose," struck me as only a slightly updated and upgraded version of Barry Goldwater's "Conscience of a Conservative," a popular political tract the senator had put his name to 20 years before. Both little books seemed so simple, their prose so smooth and unchallenging, that I suspected they'd been ghostwritten by some slick pro. (Goldwater's was.)


What I'd failed to understand was the distinction between simplistic and simple. Dr. Friedman's ideas were the distillation of years of economic scholarship before and during his reign at the University of Chicago. What would become known as the Chicago School of economics would first rival and then surpass the all too conventional Keynesian wisdom that Milton Friedman would dethrone. His popular writing was so clear and simple because it was based on so much research.


While more conventional economists were proposing future programs, young Friedman realized he was staring at a great experiment that had already been conducted-the past-and he set out to organize and present its results. By the time he finished, he not only had toppled John Maynard Keynes, who was seldom if ever simple, but replaced him as the guiding intellectual force of modern economics.


Milton Friedman did it by discovering not new but old ideas and old thinkers. For example, the importance of money to economics (talk about something too obvious for the sophisticates to grasp!) and good old Adam Smith. The key to Milton Friedman's genius as an economist-well, one of the keys-was that he was also an historian.


Dr. Friedman's "Monetary History of the United States, 1867-1960," which he co-wrote with Anna Jacobson Schwartz in 1963, was not exactly a rip-roaring best-seller. But looking back, which Milton Friedman was very good at it, that study would be the basis of his monetarist theories about the future, and they proved uncannily accurate. They allowed him to see the stagflation of the Nixon and Carter years coming long before it even had a name, and to prescribe a remedy: a stable money supply and a free market.


The fashionable experts then in charge of the American economy (and who were making a muck of it) dismissed Milton Friedman's ideas as hopelessly antiquated. Imagine: Someone who still believed in the free market in the Age of Keynes!


As Richard Nixon commented at the time, in one of his many misapprehensions, we're all Keynesians now. Mr. Nixon certainly was, and it showed in his inability to get a grip on economic reality. His idea of an economic remedy was to order wage-and-price controls, which proved about as effective as using leeches on a dead man.


Not until Ronald Reagan came along were Milton Friedman's ideas put into practice. In the rosy afterglow of the long-running economic boom that the Reagan tax cuts launched, it is easy to forget what a shock Dr. Friedman's ideas produced when the Fed first put them into effect under Paul Volcker and, later, by the now sainted Alan Greenspan. The immediate result of Dr. Friedman's ideas was the Reagan Recession and the near-hysterical reaction to it.


It took courage to stick with Dr. Friedman's ideas, but courage was just what Ronald Reagan brought to the presidency, and it eventually paid off. Eventually can be a long, cruel time when the intellectual elite are constantly warning that these new ideas, or rather old ones, will never work. When they did, no one was more surprised than conventional economists. Some were so surprised they could never admit it. John Kenneth Galbraith, for example, would never wholly renounce his Keynesian faith.


Doctors Friedman and Galbraith were personal friends despite their profoundly different ideas. These two boon companions would on occasion stage one of their Mutt-and-Jeff debates. The 6-foot-8 Dr. Galbraith would tower over the 5-foot-3 Dr. Friedman until the debate started. Then it would soon become clear who towered over whom. In the world of economists, Milton Friedman proved to be the little giant.


When he began propounding his old/new ideas, established economists either ignored Dr. Friedman or denounced him. Here is Lawrence Summers, the former secretary of the Treasury in the Clinton administration, but a fair and candid man nevertheless, on the subject of Milton Friedman: "He was the devil figure of my youth. Only with time have I come to have large amounts of grudging respect. And with time, increasingly ungrudging respect." Much like the rest of the world.


By the time of his death at 94, Milton Friedman bestrode the world of economics the way Keynes had before him. The next great figure in that field will have to displace Friedman as he displaced Keynes. It's hard to imagine such a thing ever happening, imprisoned as each generation is in its own time. But whatever Milton Friedman's reputation in the years ahead, it will always be tied to the one great idea and ideal to which he devoted a vigorous mind, an indomitable spirit, and a most civil manner: the freedom of man.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR contributor Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette, has won the Pulitzer Prize for editorial writing. Send your comments by clicking here.

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© 2006 Tribune Media Services, Inc.

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