Tag Archives: The Economist

The Economist Treats Milton Friedman as Jesus: Asks His Disciples to Preach His Gospel

Posted on January 29, 2014 by Devin Smith | 8 comments

I was peacefully researching a book I am co-authoring with Wesley Marshall on the pathologies of theoclassical and neoclassical economics as exemplified by “Nobel” laureates in economics (the economics prize is actually a creature of the Swedish Central Bank), when I read a column in the Economist about financial regulation and the crisis that provided an exemplar of how much is wrong about modern economics. The May 1, 2009 column is entitled “WWMFD” (What Would Milton Friedman Do?).

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Posted in William K. Black

Tagged Gary Becker, Milton Friedman, The Economist

Correa’s and Ecuador’s Success drive The Economist Nuts

Posted on February 13, 2013 by Devin Smith | 21 comments

By William K. Black
(Cross posted at Benzinga.com)

Ecuador’s President Rafael Correa has the special ability to drive our most elite media nuts. Failures are self-refuting. It is the successful that drive their opponents to distraction, and much of the media can barely contain its eagerness to write that Correa has failed. In 2009, The Economist practically licked its lips in eager anticipation of what it hoped would be Correa’s (and Ecuador’s) failure due to the “country’s acute financial problems.” Continue reading →