Milton Friedman

Neoliberalism will survive dishonest critics aswell

In his critical book about neoliberalism - Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown - Philip Mirowski completely misrepresents the idea's of Milton Friedman. He writes that Milton Friedman favored an independent central bank, run by neoliberals like himself or the Chicago school, and shielded from democratic control. But what Friedman in fact wanted was precisely the opposite. Friedman wrote:

Any system which gives so much power and so much discretion to a few men, [so] that mistakes ‑‑ excusable or not ‑‑ can have such far reaching effects, is

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