Conservative Political Commentary

Anti-socialist, anti-communist, anti-globalist, pro-Constitution,
and usually with an attempt at historical and economic context

Saturday, May 2, 2009

Milton Friedman (1912-2006)

Milton Friedman was one of the greatest economists, and possibly the greatest economist, of our time. He was a staunch advocate of free markets and a foe of government interference. He wrote prolifically and also won numerous awards, including the Nobel Prize for Economics in 1976. He was a teacher and researcher and member of several economics organizations. His theories have had a profound effect on government policies, against the influence of Keynesian theory.

He warned of the drift toward socialism and believed there was a less than 50-50 chance of avoiding it, but he would not give up the fight. See the Video Bar below for Milton Friedman interviews and statements. He was a tireless champion of freedom and demonstrated the superiority of free-market capitalism over other economic forms. Fortunately, there is a wealth of information on the web about Milton Friedman. No student of economics can afford to ignore him.

Some quotes (quoted at answers.com):
"The government solution to a problem is usually as bad as the problem."
“Underlying most arguments against the free market is a lack of belief in freedom itself."
"Concentrated power is not rendered harmless by the good intentions of those who create it."
"There's no such thing as a free lunch."

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