(July 31, 1912 - November 16, 2006)Milton Friedman, famed Nobel Prize-winning economist who fathered Monetary Policy, which served as the economic roadmap for US President Ronald Reagan and British Prime Minister Margaret Thatcher, passed away today at the age of 94.
Friedman ushered in a new thinking in economics by posing a powerful argument against socialist economic policy predicated upon the views articulated by John Maynard Keynes during the early 20th century. Additionally, Friedman like many of the great economists, was a brilliant social theorist as evinced by his most famous works, Capitalism and Freedom and Free To Choose: A Personal Statement which he co-wrote with his wife Rose Friedman. Friedman was a stalwart defender of individual liberty and its concomitant result, free enterprise.
I bid a warm “Farewell” and an eternal “Thank You” to Milton Friedman.