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Milton Friedman

Milton_friedmanMilton Friedman, Nobel Winner for Economics, father of the monetarist school in Chicago, and author of many books  died Nov. 16, 2006.  In contrast to the near socialist Keynsian school of thought, Friedman was a champion of limited government and maximum economic freedom.  Read his last interview with the WSJ  here.

Contrast his thinking with the interventionist policies you hear from most of Washington DC.  To get an idea of the breadth and importance of his ideas, he lived to age 94, go to amazon.com and put in milton friedman to see how many hits you get.  Amazing eh?
  Will
My two favorite economists today are Tom Sowell  and Walter Williams.  The latter features several articles and interviews with Friedman. 

Now, here is another point of the blog, if I had asked you to name your favorite economists as well as your reasons for the choice, would you have had an answer?

DLE

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3 responses to “Milton Friedman”

  1. Guadalupe B Avatar
    Guadalupe B

    Milton would have a lot to say about SARBOX today! Our country’s need to “parent” is producing the dangers that Friedman so warned about many years ago. I saw a video interview with Mr Friedman on the Walter Williams sight that was very interesting. In the video Mr Friedman discusses how our country’s social policies have done more harm than good and I made the comparison with SARBOX today. This policy has good intentions, but at the same time it’s scarying away the business it was ment to protect. With so many contingencies, many companies have chosen to list over seas as opposed to listing with the NYSE. That doesn’t seem like a good side affect to these well intentions.

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  2. Dennis Elam Avatar
    Dennis Elam

    As a matter of fact, did everyone read the article about they study commissioned by NYC, Mayor Bloomberg feels capital leadership slip sliding away, we will discuss this in class.

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  3. April Y Avatar
    April Y

    His views appear to be quite similar to those of Jim Rogers. In his book, Investment Biker, he warns of how too much government intervention and actions in an economy eventually harm the economy. He advises that for an economy to be most effective for society it needs to find its own balance, without the aid of governmental controls.

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