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Are we still living in Milton Friedman’s economy?

Nov 15, 2023
A conversation about the life and legacy of economist Milton Friedman with historian Jennifer Burns.
Milton Friedman, one of the most famous economists of the 20th century, died in 2006. But his ideas remain a presence in economics today.
STAFF/AFP via Getty Images

Milton Friedman’s “long and variable lag,” explained

Jul 24, 2023
A concept popularized by Milton Friedman in the 1960s still influences how the Fed talks about monetary policy today.
The phrase that Milton Friedman popularized — long and variable lag — still helps orient monetary policymakers today.
Alex Wong/Getty Images

How tax withholding became the norm for American workers

Jul 31, 2017
Not everyone thinks automatic deductions for state and federal taxes are a good idea.
Justin Sullivan/Getty Images

How shareholders jumped to first in line for profits

Jun 14, 2016
A business theory helped put profits for shareholders ahead of other corporate interests.
Milton Friedman, one of the most influential economists of the 20th century.
PBS