Posted on 11/16/2006 8:08:19 PM PST by West Coast Conservative
Milton Friedman, the free market economist who inspired Margaret Thatcher's economic reforms of the 1980s, died yesterday aged 94.
His theory that inflation resulted from too much money chasing too few goods inspired a generation of central bankers and played a pivotal role in forming the governing philosophies of Lady Thatcher and President Ronald Reagan in the US.
Lady Thatcher said last night: "Milton Friedman revived the economics of liberty when it had been all but forgotten. He was an intellectual freedom fighter. Never was there a less dismal practitioner of a dismal science.
"I shall greatly miss my old friend's lucid wisdom and mordant humour."
(Excerpt) Read more at telegraph.co.uk ...
Good night, Nobel Prize winning champion of freedom. His legacy will never be forgotten.
Amen to that Lady Thatcher!!
I miss that womans appearances, what a Lady!!
RIP Mr. Friedman
A prophet is without honor in his own country.
"Free to Choose" by Milton and Rose Friedman, was the first book I read on economics, and it really snapped things into clarity for me.
A bow to someone will be greatly missed.
D
Isn't she Dame Thatcher? No matter, she'll always be a Lady to me.
Rest well friend of Liberty!
No she's a life peer -- a baroness -- which is higher than a dame.
Her husband was also given a hereditary peerage so that their son could inherit it.
When the "Iron Lady" praises everyone takes notice.
When the "Iron Lady" is not amused everyone takes for the hills!
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