Different River

”You can never step in the same river twice.” –Heraclitus

November 16, 2006

Milton Friedman, Z”L

Filed under: — Different River @ 1:36 pm

Milton Friedman, the world’s greatest exponent of economics, has passed away.

Reuters reports:

SAN FRANCISCO, Nov 16 (Reuters) – Milton Friedman, the free market economist and winner of a 1976 Nobel Prize, died on Thursday morning of heart failure, a spokeswoman for his family said. He was 94.

Friedman’s ideas played a pivotal role in forming the governing philosophies of world leaders like Margaret Thatcher and Ronald Reagan.

He preached free enterprise in the face of government regulation and advocated a monetary policy that called for steady growth in money supplies.

The influential economist died in a hospital in the San Francisco area, the spokeswoman said.

More extensive obituaries — no doubt written years in advance — are available from several different sources, and no doubt more are coming.

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