Over on Epinions, my review of Capitalism and Freedom is up. There's a bit too much chapter-by-chapter commentary, making it a more tedious read than it should be, but there's so much confusion about what's in this book that it's worth it.
Have a look at the dopey remark and ensuing exchange in the comments section. People who blame Friedman or Chicago School economics for Chile's early 1980s recession are ridiculous: since when did Chicago Schoolers advocate fixed exchange rates and government favortism of industries, in this case, copper. Moreover, it's about time--just as is the case with global warming denialists--that we start calling lies lies and liars liars. Anyone who believes that Friedman was "sent" to Chile, that Friedman advised the Pinochet government in any meaningful sense of the word, or that Pinochet was a Chicago School "True Believer" and that this motivated repression needs to be shamed, as none of these statements have any basis in fact. They were lies when student radicals made them up in the 1970s and they remain lies today. More than 30 years later, there's no excuse for believing them, especially with Wikipedia and dozens of articles setting the facts straight immediately available.
There was no great submarine stagnation
1 hour ago