Bettina Bien Greaves Archives
My letter re: Friedman's take on the Great Depression
THE FREEMAN
Letters to the Editor
Thanks to Milton Friedman’s brilliance, charisma and diplomacy he became an ardent spokesman for many free market reforms in this country. And now Ivan Pongracic, Jr. (The Great Depression According to Milton Friedman, September 2007) gives him credit for convincing Fed officials that the Fed itself was responsible for precipitating the crash and the 1929-1933 monetary contractions that followed. But the contractions were only the spark that brought the boom to an end; the seeds of the depression itself were sown in the preceding boom.
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Remembering Henry Hazlitt
Henry Hazlitt was one of a very special breed, an economic journalist who not only reported on economic and political events in clear and understandable language, but also made contributions to economics.
He was easy to approach; his manner was pleasant, not aloof or overbearing. He was of average height. His features were regular, and he wore a mustache. He dressed appropriately for a journalist working in midtown Manhattan in his day — in suit and tie. He was modest, always thoughtful of others, and one of the kindest and most gracious men I have known. FULL ARTICLE
To What Extent Was Rand a Misesian?
Ayn Rand rejected major pieces of the Austrian edifice, including subjective value theory and a priorism as the method of the social sciences. Here, however, I review a scholarly symposium that argues a greater connection between Austrian economics and Randianism than has previously been known. Mises himself praised Rand's greatest work, and she in turn worked to draw attention to his economic thought. [Full Review Article]
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