Thursday, November 16, 2006

Milton Friedman RIP

One of the all time greats has passed. Nobel Prize winner Milton Friedman, whose economic theories influenced a generation, and were the underpinnings of the Regan Revolution, died today at the age of 94. Friedman was best known for his book and accompanying PBS series Free To Choose, which explained the importance of individual economic liberty in maintaining national economic prosperity. "Before Milton, economists were not taken seriously by public policy-makers," said St. Louis Federal Reserve Bank President William Poole. "He was an extraordinarily important figure in the profession."
In a time when Republicans so need to be reminded of the economic principles that guide their movement, his is a voice that will be sorely missed.

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