11/18/2006

Sowell on Friedman

Please read Sowell's discussion of Friedman:

Milton Friedman was one of the very few intellectuals with both genius and common sense. He could express himself at the highest analytical levels to his fellow economists in academic publications and still write popular books such as "Capitalism and Freedom" and "Free to Choose" that could be understood by people who knew nothing about economics. Indeed, his television series, "Free to Choose," was readily understandable even by people who don’t read books. . . ..


It is hard to think about what this world would be like with out Friedman. Everything from vouchers to the negative income tax to ending the military draft to properly evaluating the impact of the FDA to even the withholding on income taxes is due to Friedman. Even more important is how Friedman taught people that economic freedom improves the quality of life.

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