What a great man. I sat in two of his courses
as a graduate student at Chicago. Truly an inspiring mind.
My first recollection of Friedman was an interview/show on PBS.
He made economic/taxation really interesting.
And he impressed me with the findings that once a population is taxed
at about 40% of their income, the guvmints find themselves in a losing
game because people find any way they can to stop paying taxes, including
just shutting down economic activity.
He was great. I hope somebody can come along and talk good economic sense
the way he did.
RIP
This is a great loss.
One of the Giants! I hope his passing and the honoring of his memory will remind people and our GOP representatives the power of ideas and the power of principles. Milton Friedman was the embodiment of both. As he did, I hope others will stand on his shoulders to advance the cause of liberty and free market capitalism.
RIP to a great mind.
Rest in Peace!
This is sad news. It is hard to believe how off-the-wall unvarnished free-market thought once was thought to be before MF. His role in the ending of conscription is also not well-known. I recall hearing a presentation at a conference in which someone noted that during the deliberations by a commission deciding the future of the draft military, a military official (may have been Gen. Westmoreland, but I wouldn't swear to that) said, roughly, that he didn't want an army of mercenaries. To which Friedman replied something like, "So you'd prefer an army of slaves?"
We lost a great one!
http://www.freetochoose.net/
It's running again on PBS, (updated again?), on Monday January 29, 2007.
Fascinating series. Just fascinating.
Eternal rest.......
They need to put a pencil on his headstone. His work meant so much to so many. He opened many minds at an important time in history.
God Bless Milton Friedman.
http://video.google.com/videoplay?docid=-2963837673813979186&q=milton+friedman+rose
Holy cow. His twin brother Nilton just died also on another thread.
My favorite Milton quote:
It is a mystery to me why... it is regarded as a sign of Japanese strength and American weakness that the Japanese find it more attractive to invest in the U.S. than Japan. Surely it is precisely the reverse - a sign of U.S. strength and Japanese weakness.
- Milton Friedman
I suggest we abolish the payroll withholding system he developed (while he was still a Keynesian) in his honor.
Friedman was one of my inspirations to pursue a finance degree. His work 'Monetary History of the United States' is my favorite.