Milton Friedman, “who used to be the ultimate avatar of conservative economics, has essentially disappeared from right-wing discourse”. Photograph: Alex Wong/Getty Images

Recently Senator Rand Paul, potential presidential candidate and self-proclaimed expert on monetary issues, sat down for an interview with Bloomberg B(...)

Copies of US president Barack Obama's budget proposal for FY 2014 at a printing press at the Government Printing Office yesterday in Washington DC. Photograph: Alex Wong/Getty Images

President Barack Obama will soon release a new budget, and the commentary is already flowing fast and furious. Progressives are angry (with goo(...)