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Economist Milton Friedman has died.
The Wall Street Journal (Excerpt) (Subscription required) ^ | November 16, 2006

Posted on 11/16/2006 9:22:30 AM PST by HAL9000

BREAKING NEWS: Economist Milton Friedman has died. Full story to follow shortly.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: classicalliberalism; economicfreedom; economics; freemarkets; freetochoose; friedman; libertarianism; miltonfriedman; politicalfreedom; sanfranciscovalues
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To: HAL9000; All
His work on related to inflation and quantity of money supply is extremely important.

Tonight when I am home and am near my library...will try to type some quotes from "Free to Choose" in his honor.

http://www.medaloffreedom.com/MiltonFreidman.htm

http://www.adamsmith.org/friedman/home.htm

http://www.hoover.org/bios/friedman

His work on school choice/market based solutions for school reform should be central to any conservative platform in America. Conservatives should highlight the inverse relationship between test scores and the cost of education between government mandated schools (~$8400 per student), and private schools (~$4500 per student) and homeschools (~$1000 per student).

http://www.friedmanfoundation.org/

http://www.friedmanfoundation.org/schoolchoice/index.html

http://www.friedmanfoundation.org/resources/index.html

http://www.friedmanfoundation.org/ABC.pdf

http://www.friedmanfoundation.org/schoolchoiceworks/index.html

“What is needed
in America is a voucher of substantial size available to all students, and free of excessive regulations”
— Milton Friedman


101 posted on 11/16/2006 10:08:06 AM PST by FreedomProtector
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To: goldstategop
The debate will be whether Americans really voted against Big Government.

Since neither of the major parties offered that option, and none of the minor parties has attracted sufficient attention to shake up the duopoly, that choice wasn't really on the table.

102 posted on 11/16/2006 10:09:54 AM PST by steve-b (It's hard to be religious when certain people don't get struck by lightning.)
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To: steve-b

Sadly, I think the whole Katrina fiasco, convinced me that Americans want a Nanny state. It's too easy to manipulate people into thinking that government should be responsible whenever something goes wrong.


103 posted on 11/16/2006 10:12:00 AM PST by dfwgator
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To: Billthedrill

<]:^)~<


104 posted on 11/16/2006 10:12:34 AM PST by Brian Allen ("Moral issues are always terribly complex, for someone without principles." - G K Chesterton)
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To: goldstategop
We don't agree with their social liberalism

Libertarianism is neither social liberalism (take money from people at gunpoint and use it to hire people to create porno "art") nor social conservatism (take money from people at gunpoint and use it to hire police to confiscate porno "art").

105 posted on 11/16/2006 10:12:46 AM PST by steve-b (It's hard to be religious when certain people don't get struck by lightning.)
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To: HAL9000

Holy cow. His twin brother Nilton just died also on another thread.


106 posted on 11/16/2006 10:14:42 AM PST by Tulsa Ramjet ("If not now, when?" "Because it's judgment that defeats us.")
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To: untenured

Good point. Pity that the GOP didn't follow his argument to its logical conclusion and completely remove that bit of Peanut Head's legacy -- I suppose the rot was starting to set in even back then....


107 posted on 11/16/2006 10:14:42 AM PST by steve-b (It's hard to be religious when certain people don't get struck by lightning.)
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To: FreedomProtector

What is needed is to get government out of the education business altogether.

I once had Milton Friedman as a "substitute" professor. We were all amazed when he walked in.

A good Friedman book to read, for those who aren't very familiar with his work, is Capitalism & Freedom.


108 posted on 11/16/2006 10:15:00 AM PST by pleikumud
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To: goldstategop
No liberal economist has really been able to rebut him. I'm not sure Paul Krugman could.

I think that last statement is true, even now.

109 posted on 11/16/2006 10:15:28 AM PST by steve-b (It's hard to be religious when certain people don't get struck by lightning.)
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To: FreedomProtector

<< "What is needed in America is a voucher of substantial size available to all students, and free of excessive regulation." -- Milton Friedman >>

"Or, better yet, get the damned government the Hell out of what it dares to call 'education!'" -- Brian Allen


110 posted on 11/16/2006 10:16:01 AM PST by Brian Allen ("Moral issues are always terribly complex, for someone without principles." - G K Chesterton)
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To: I see my hands

<< So too dies Randian (who?) economic thinking. >>

Over our dead bodies!

Vale Ayn - Vale Milton.


111 posted on 11/16/2006 10:17:19 AM PST by Brian Allen ("Moral issues are always terribly complex, for someone without principles." - G K Chesterton)
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To: HAL9000

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


112 posted on 11/16/2006 10:19:07 AM PST by traviskicks (http://www.neoperspectives.com/optimism_nov8th.htm)
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To: HAL9000; Abram; albertp; AlexandriaDuke; Alexander Rubin; Allosaurs_r_us; Americanwolf; ...
RIP Milton Friedman.





Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.
113 posted on 11/16/2006 10:20:04 AM PST by traviskicks (http://www.neoperspectives.com/optimism_nov8th.htm)
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To: Mr. Brightside

Sad. "Free to Choose" was the first conservative book I read.
----

'Free to choose' is a classic, a real eye opener. Friedmen changed the world with that book and his other writings.


114 posted on 11/16/2006 10:21:21 AM PST by traviskicks (http://www.neoperspectives.com/optimism_nov8th.htm)
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To: HAL9000
RIP

I suggest we abolish the payroll withholding system he developed (while he was still a Keynesian) in his honor.

115 posted on 11/16/2006 10:23:20 AM PST by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: HAL9000

Friedman was one of my inspirations to pursue a finance degree. His work 'Monetary History of the United States' is my favorite.


116 posted on 11/16/2006 10:23:30 AM PST by Free Vulcan (Show them no mercy, for you shall receive none!)
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To: Toddsterpatriot

Milton Freedman had bowel movements that were bigger than Paul Krugman.


117 posted on 11/16/2006 10:24:56 AM PST by Paradox (American Conservatives: Keeping the world safe for Liberalism.)
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To: HAL9000

Dr. Milton Friedman who won the 1976 Nobel Prize for economics poses for a photo in a 1977 file photo. Friedman has died at age 94, a spokesman for the Milton & D. Rose Friedman foundation says. (AP Photo/Eddie Adams, File)


The Cato Institute think-tank announced that US Nobel prize-winning economist Milton Friedman, seen here in 2002, died at the age of 94(AFP/File/Tim Sloan)

---

RIP


118 posted on 11/16/2006 10:26:02 AM PST by NormsRevenge (Semper Fi ...... Cornyn / Kyl in '08)
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To: Brian Allen
"Over our dead bodies!"

Include me in your defiance but that's exactly the way the collectivists envision their success.


119 posted on 11/16/2006 10:30:08 AM PST by I see my hands (_8(|)
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To: HAL9000; All
Some notable quotes from the great Milton Friedman:

"Governments never learn. Only people learn."

"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."

"I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."

"The government solution to a problem is usually as bad as the problem."

"We have a system that increasingly taxes work and subsidizes nonwork."

"Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property."

"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."

120 posted on 11/16/2006 10:30:50 AM PST by Unmarked Package
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