Milton Friedman

By Too Conservative

Free-market champion Milton Friedman died today at the age of 94.  There’s a good argument to be made that no single human did more to advance the cause of human liberty in the last half of the 20th Century than did Milton Friedman. He had an unshakable faith in the benefits of free markets and in individual liberty as a means of bettering the economic welfare of all members of society.  By pushing back intelligently and empirically against the Keynesian mindfog that had developed between the World Wars and on into the 1960s, both in the United States and in Western Europe, Friedman enabled conservative politicians and officials to advance positions that resulted in increased national and individual wealth and choice. His research and writings provided an intellectual foundation for weaning many developing countries away from the statist, centrally-planned economic models that characterized the Third World.

Friedman won the Nobel Prize for Economics. His positive influence will continue well beyond his earthly life.  Â


Comments

  • Ray Hyde says:

    Excellent. I could not have said it better.

  • NoVa Scout says:

    High praise, given the thoughtful source. Thanks, Ray.

  • Choose Reason says:

    Friedman was BRILLIANT! Some libertarians took exception to his efforts to promote school vouchers but he was committed to the idea as a way to force the public schools to become more competitive. Anything that moves us away from the declining results of public schools is grand.

    He was indeed a champion of the free market. His focus was obviously economics but his comments on the role of property rights in the success of an economy were paramount. He felt that without the banks being able to count on the stability of the underlying property our marketplace would not be stable. I couldn’t agree more and have read some nuggets of brilliance by Mr. Hyde espousing the same ideas on this blog related to the downzoning of land. Friedman knew the dangers of pandering to the mob in lieu of championing the rights on one. His writings are rich with his belief that property rights were fundamental and essential to the success of republic and its economy.

  • 25 years ago I thought that linking economic opportunity and capitalism with personal freedom was a forced marriage of convenience for greedy Republicans. Now, I see it like parallel helicals of DNA. Property and freedom are hand in glove (x many more metaphors)

  • Citizen Tom says:

    Here is a web page that some may find interesting. http://www.friedmanfoundation.org/

    Note that at the bottom of the web page honoring Dr. Milton Friedman there is a link to his foundation’s web site. Friedman was a serious advocate for school choice. He understood that nothing hobbles this nation more than our socialist school system.

  • t says:

    Was he any relation to Milton Bradley?

  • NoVa Scout says:

    They were cousins, t. Many of Milton Friedman’s hypotheses arose from many an hour around the family Monopoly board.

  • May he rest in peace. Perhaps in his memory, we can encourage the GA to pass meaningful educational choice legislation???

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