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Economics Erata

Economics Erata

| July 31, 2018

In my opinion one of the greatest, most influential economists in the modern era was Milton Friedman.  On July 31, Milton would have been 106.

In a tribute to the wit and wisdom of Mr. Friedman, please read Mark Perry’s blog post from July 29: Happy 106th birthday on July 31, Milton Friedman!

Also, in a July 29 post, Mark Perry provides a summary of a column by Jeff Jacoby in the Boston Globe.  Here is the link to Jeff’s article on trade: Nations don’t trade with each other, and trade is not a war.

Sometimes returning to a high level view helps us to maintain perspective and keep us from losing our minds over the incessant bombardment of rhetoric about tariffs and trade.

Until next time, cheers!