Skip to comments.Milton Friedman, free market economist, dies at age 94
Posted on 11/16/2006 10:55:13 AM PST by calcowgirl
click here to read article
He was a 20th century giant. RIP.
I know--but that's a different article from the WSJ.
What a great man he was, and his ideas....Ronald Reagan just to name one was profoundly influenced by Friedman. We owe him so much for reminding us again & again that the free markets works & promote liberty!
Friedman was one of the greatest, if not the greatest, economists of all time.
old age maybe?
I wonder what he said to Nixon when Nixon decided to put "caps" on the price of various goods? That was even stupider than the Watergate caper.
Never mind. I just read the last sentence.
RIP for one of the greatest economists of all time.
One of the most magnificent intellectuals of the age. RIP
Thank you, Milton Friedman, for your courage and your great work.
Friedman receives Nobel Prize in Economics 1976.
RIP, Mr. Friedman
"But he also urged adoption of a "negative income tax" in which people who earn less than a certain amount would get money from the government. "
That is just repackaged Marxist wealth redistribution. I wonder why he advocated that. We have it now as the earned income credit.
It was his suggested solution to alleviate poverty, as a replacement for the host of then-existing welfare programs (not in addition to).
"In the long run, we are all dead."
I guess it is better to dole out government money for people who are trying to work (earned income credit) but who are still poor than to just give out welfare checks to all the bums who won't work. Sort of a carrot to get them to do some work in the private sector that will add to our GDP.
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