Milton Friedman Was Wrong. Look at Income Inequality.

(Bloomberg Opinion) — 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.I had recently joined the staff of Texas Monthly, where my first assignment was to profile a man I’d never heard of, T. Boone Pickens Jr., the founder and chief executive officer of Mesa Petroleum in Amarillo, Texas. My timing was spectacular: Pickens was secretly preparing his …read more

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