, Columnist
Milton Friedman Was Wrong. Look at Income Inequality.
The economist’s doctrine has warped our understanding about the people an economy is supposed to serve.
Whose economy is it anyway?
Photographer: Ron Antonelli/Bloomberg
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My Bloomberg Opinion colleague Michael R. Strain continues to believe in Milton Friedman’s doctrine and argues it has been misunderstood by critics. Read his column here.
In the summer of 1982, when I was 29, I was given a front-row seat as Milton Friedman’s famous dictum began to be put into practice.