MILTON FRIEDMAN, R.I.P"There were Giants in the Earth in those days"
Professor Milton Friedman
, winner of the Nobel Prize for Economics, the father of monetarism
and easily one of most influential economists of the twentieth century, passed away today of heart failure at the age of 94.
An ardent and lifelong exponent of free markets and individualism, Freidman never lost his intellectual curiousity or his willingness to reexamine his ideas about markets and the state and critically review his own prior arguments. Friedman's ideas provided the intellectual power behind a sigificant part of the modern conservative movement and continue to influence the culture to this day. His seminal work, Capitalism and Freedom
, sits alongside The Road to Serfdom
, Atlas Shrugged, The Conservative Mind
and Conscience of a Conservative
in the pantheon of books that gave rise to the generation of activists who made up the New Right and rode to power with Ronald Reagan in 1980.
Rest in peace, Dr. Friedman