November 16, 2006

Milton Friedman

The internet makes the world smaller. I'm reminded of this when I click over to David Friedman's blog and first see the news of his father Milton's death, in the form of an apt verse.

Milton Friedman was perhaps the greatest of the libertarians. Not only was he a man of great thought and ideas, he had much influence on making those ideas reality. Most importantly, he was right. At David's blog, commenter Roland Patrick writes:

In the last 25 years there have been only two (short and mild) recessions. In the previous 25 years there were six, and several of them quite severe.

The difference is in the one quarter century Milton Friedman was considered an eccentric. In the other, his way of thinking about the Quantity Theory dominated the Fed's thinking.

More generally, he promoted the idea of individual freedom and responsibilty as the driving force to an economy.

Posted by Walter at November 16, 2006 06:20 PM
Comments

Mis más profundas condolencias a Rose y David. Sus logros nunca serán olvidados y continuaremos la lucha por la Libertad individual y una sociedad próspera fundamentada en el Estado de Derecho y el respeto de la libertad individual de actuar en el libre comercio sin coerción ni privilegios.

Posted by: Guillermo Pineda at November 16, 2006 06:56 PM