Republicans have sacrificed Milton Friedman’s free market on the altar of Trump
Summary
The article says that today’s Republican Party no longer follows Milton Friedman’s ideas about free markets. It argues that Republicans now support close ties between business and government, which can harm the economy.Key Facts
- Milton Friedman was an economist known for promoting free markets without government interference.
- He warned that when businesses and the government work too closely, it can distort the market.
- The article claims that today's Republican Party has moved away from Friedman's original free-market principles.
- It suggests that Republicans now accept or encourage partnerships between business and government.
- This change is seen as risky for the economy because it can reduce competition and lead to unfair advantages.
- The article implies this shift is linked to the influence of President Donald Trump within the party.
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