Articles on Milton Friedman

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The great Australian success story of Frank Lowy and many others like him would not have happened had Australia not accepted penniless refugees. AAP/Dean Lewins

Australia should not auction off migrant places to highest bidders

The problem with auctioning immigration places is that it puts the focus on short-term revenue-raising, rather than immigration’s more important medium- to long-term nation-building role.
With his strong views on industrial relations, Family First senator Bob Day is what we might call a ‘conservative libertarian’. AAP/Lukas Coch

Changing the soul: are conservatives the new radicals?

Few members of the 20th-century political right were more important than Milton Friedman. As an academic, author, television presenter and adviser to Ronald Reagan – who once described his show Free to…
Mitt Romney has said that 47% of households pay no federal income tax, but something about the statement doesn’t add up. AAP

Doing the math on Mitt Romney and the ‘47%’

Republican presidential nominee Mitt Romney’s comment that 47% of households pay no federal income tax is true. (It’s actually closer to 46%.) But when you dig beneath the bumper-sticker headline, his…
Some Republicans may be yearning for a return to the gold standard, but the idea has lost its lustre among the vast majority of economists. Image from www.shutterstock.com

The gold standard of truthiness: a bad idea that feels good (to some Republicans)

A few years back, mock-conservative TV pundit Stephen Colbert famously introduced the notion of “truthiness” into the political lexicon. As Colbert put it, truthiness pertains not to whether beliefs are…

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