If you have not already heard, we are celebrating the life and ideas of Dr. Milton Friedman this Friday, July 30th from 4-7pm at the Metropolitan in Golden Valley. Dr. Friedman believed that freedom lead to superior outcomes and he dedicated his life to advancing that one simple (but radical) idea. Please join us for great conversation and great food by D’Amicos–there is a free drawing for books by and about Friedman. There is no charge for the event but we need and appreciate your financial support. For more information, just click on Dr. Friedman’s smiling face on our home page.
Our board chairman, Tom Kelly, wrote the following article about Dr. Friedman:
“Remembering Dr. Friedman”
Dr. Milton Friedman was a great man. He was one of the two most influential economists of the 20th Century. His work fundamentally changed our understanding of the causes of the Great Depression, the relationship between inflation and unemployment, and the way people save and consume over the course of their lives. He also was the intellectual force behind the end of the peace-time draft, and the father of today’s all-volunteer military. In addition, he was the founder of the modern school choice movement – still the leading alternative to our failing public school systems. Finally, not only was he a leading philosopher of freedom, but the most effective public spokesman for economic freedom in my lifetime.
I first became familiar with Dr. Friedman’s thought through his columns in Newsweek in the late1960s (yes, I did start reading newsweeklies before I was 10). While I was in college in the late 1970s, I learned that he was the leading challenger to the received Keynesian wisdom of the time. By the time I graduated in 1980, that wisdom had been discredited by stagflation, and Dr. Friedman’s monetarist approach was being used by Paul Volcker at the Federal Reserve to bring inflation under control. Although Dr. Friedman was gone from the University of Chicago by the time I was there in the early 1980s, his influence remained pervasive, not just in the Economics Department but also in the Law School.
Dr. Friedman’s vision is as revolutionary today as it was when he was awarded the Nobel Prize in 1976. The neo-Keynesian revival of recent years has failed to solve the economic “malaise” we suffer today. Even worse, it goes largely unchallenged in the policy debates that have shaped our response to the financial crisis. Would that we had a leader of Dr. Friedman’s vision and ability to challenge the neo-Keynesian revival, as he successfully challenged the Keynesian consensus of the 1970s.
In celebration of that vision, the Minnesota Free Market Institute will be hosting, along with 65 other organizations around the world led by the Foundation for Educational Choice, the annual Friedman Legacy for Freedom Day. The event will be at the Metropolitan in Golden Valley on Friday July 30, which would have been Milton Friedman’s 98thbirthday, from 4-7 PM. As in previous years, David Strom will deliver the keynote address.
Dr. Friedman once said “the great achievements of civilization have not come from government bureaus… The record of history is absolutely crystal clear: That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” We live in an era during which the potential of economic freedom to work miracles is once again being smothered by growing government. Which makes it all the more important to celebrate Milton Friedman and his legacy.





For those of us who champion individual liberty and free markets, Obamacare is an abomination on many levels. While we would prefer to talk about what we are in favor of, we must protest. Obamacare is a hostile take-over of healthcare and an intrusion into the private, confidential interactions between a patient and doctor. Never before have the express wishes of so many Americans simply been ignored. President Obama, Nancy Pelosi and Harry Reid have placed a dunce cap on our collective head and sent us to sit in the corner. Trust us! Over time, you’ll like it! We know what is best for you and your family. 






Climategate “Reviewed” (Again)
July 19th, 2010 by Kim CrockettLast fall, the “Climategate” scandal erupted when emails and documents from the University of East Anglia Climatic Research Unit (CRU) were released (without permission) to the public. The CRU emails, including some with Michael Mann at Penn State, revealed a pattern of conduct that no one– but especially no scientist– would be proud of; requests to delete inconvenient emails, the exclusion of scientitists who are viewed as “skeptics” from the peer review process and hiding the ball from formal information requests. The terrible fall out–and the lesson to be learned for all of us— is that “science” has been revealed to be quite vulnerable to political pressures especially when combined with generous grants. The old saying “Follow the Money” certainly applies here. That sad point was made last summer at our Climate Change Symposium by Dr. Fred Singer. (And we continue to follow this important issue because the global warming activists, lead by Al Gore et. al., have captured our government at the local, state and federal level. The impact on free enterprise and individual freedom is profound.)
Climategate has now been “reviewed” several times by organizations we should be able to trust; a special committee of the British Parliament, Penn State, an environmental agency of the Netherlands and most recently the University of East Anglia itself.
The Minnesot Free Market Institute (and other members of the No Cap and Trade coalition) approach these “reviews” with great skepticism. The reviews seem less than indepedent in their methodology and conclusions; the self-dealing is just compounded . Moreover, we are impressed with the speed with which they were all done. It seems that the institutions who are committed to the UN’s view of global warming (which relies on CRU data) were in quite a hurry to do damage control following Climategate.
The Wall Street Journal, which shares our skepticism, covered the latest review here: http://online.wsj.com/article/SB10001424052748703394204575367483847033948.html
You can read more at the Volokh Conspiracy (by Jonathan Adler), including international commentary about the quality of these reviews here: http://volokh.com/2010/07/11/climategate-revisited/ .
We think there is a better way to insure a clean environment and recommend to you the “free market environmentalism” approach taken by the Property and Environmental Research Center (PERC) in Bozeman, Montana. Please visit them at http://www.perc.org/ .
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