Milton Friedman Dead at Age 94
Milton Friedman, one of the 20th Century's most influential economists, died Thursday at the age of 94.
Friedman was a champion of free markets and free people. He was a feature of this blog on several occasions. I direct your attention to this video. There are several other videos on that page such as this one from Charlie Rose.
Dr. Friedman - the world and our understanding of the economic ties between people was left a better place because of you. I honor your life and its contribution to the world. I thank you for your contribution to my intellectual development. You will be missed, but your fundamental ideas will live on forever.
Updated and bumped:
Excerpts from the Wall Street Journal.
On the Free MarketWhat most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.
Preservation of freedom requires either the elimination of power where that is possible, or its dispersal where it cannot be eliminated.
posted by Jim VAT @ 9:06 AM
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