economics

The following excerpt is from “Liberalism, Old Style” by Milton Friedman, published in the 1955 Collier’s Year Book, pp. 360-363. New York: P.F. Collier & Son, 1955. Reprinted in The Indispensable Milton Friedman, Essays on Politics and Economics, edited by Lanny Ebenstein, pp. 11-24. Washington, D. C.: Regnery Publishing, 2012 (see here). Liberalism, as it […]

Other posts on centrism are here. A moderate is one who takes two opposing positions and selects something in between. The opposing positions may be anything, so there are many people who call themselves moderate (or sometimes centrist). But moderation in this sense is dependent on the different positions one selects as the ends of