Economist Milton Friedman has died.

The Wall Street Journal (Excerpt) (Subscription required) ^ | November 16, 2006

[HAL9000]

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

[FreedomProtector]

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

[steve-b]

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.

[dfwgator]

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.

[Brian Allen]

<]:^)~<

[steve-b]

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").

[Tulsa Ramjet]

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

[steve-b]

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....

[pleikumud]

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.

[steve-b]

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.

[Brian Allen]

<< "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

[Brian Allen]

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

Over our dead bodies!

Vale Ayn - Vale Milton.

[traviskicks]

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

[traviskicks]

RIP Milton Friedman.





Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.

[traviskicks]

Sad. "Free to Choose" was the first conservative book I read.
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'Free to choose' is a classic, a real eye opener. Friedmen changed the world with that book and his other writings.

[AdamSelene235]

RIP

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

[Free Vulcan]

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

[Paradox]

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

[NormsRevenge]

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)

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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)

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RIP

[I see my hands]

"Over our dead bodies!"

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

[Unmarked Package]

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."