Thursday, November 16, 2006

RIP: Milton Friedman

Milton Friedman, economic genius and Nobel Prize winner, died today at the age of 94. Friedman's most famous tome was Free to Choose, a manifesto for free-market economics that has influenced millions of people, including myself, in the way they look at the economic relationship between the people and the government. Friedman established himself as the anti-Keynes, calling for minimal government interference in economic affairs, as opposed to the Keynes/New Deal school of thought which called for massive government intervention in the economy.

Without the works of Milton Friedman, and the people who followed in his footsteps, such as two of my favorite economists, Drs. Thomas Sowell and Walter Williams, resistance to big government over the last few decades would not be nearly as strong as it has been.

Thank you Milton Friedman, for providing us with the ammunition to stand up to the fans of big government. As bad as government spending is today, without your contributions, I shudder to think what our country would look like had you not arrived on the scene.

Good Day to You, Sir

1 comment:

George said...

I watched the "Open Mind" interview. What was up with the music? Scary stuff. Perhaps I should show some of those videos to my Economics class. Think I'd get in trouble?