NEW YORK (AP) — New hope for the economy just gave the stock market its best July in 20 years. The Dow surged 725 points or 8.6% for the month, with most of the gains arriving in bursts in the … read more
There’s no such thing as a free lunch.~Milton Friedman Free cheese is only found in mousetraps.~Russian proverb (HT: Boris)
Thirty years ago, in 1979, Milton Friedman—the Nobel Prize-winning economist and Britannica contributor who was born this day in 1912—famously “schooled” talk-show host Phil Donahue on the nature of greed and the virtues of capitalism. HT: Britannica Blog
This morning’s U.S. GDP numbers provide welcome new evidence that the worst postwar economic recession is finally drawing to a close. Indeed, they show that the U.S. economy’s annualized pace of decline decelerated sharply from 6.5 percent in the first … read more
The Taxpayers Alliance, an organization well-known here in London for getting its limited-government, lower-taxes agenda into the media and in front of politicians, released a new report, “Tax and Entrepreneurship,” this week. The report calculates that under the UK’s current … read more
According to the WSJ, Pfizer has settled a lawsuit in Nigeria for $75 million. I’m sure the senior management at Pfizer considers this a reasonable decision and just the cost of doing business (the claim against them—for allegedly harming children … read more
