Milton Friedman, Free Market Economist Dies
Today was a loss to the country and the economics profession. Nobel prize winning, free-market-championing Milton Friedman, the primary advocate of monetary economic policy, died today at the age of 94. He was a key economic advisor to several presidential administrations, and his free market ideas probably can be credited for why the U.S. economy is so dynamic, flexible, and efficient today. I was always a big fan of Friedman, and it is sad to see him go.