Repost of press release issued by the LP…
“Last of the Great Economists” Dies at Age 94
(Washington, D.C.) Born July 31, 1912, Dr. Milton Friedman, an author and Nobel Laureate, served as a champion of individual liberty and free markets throughout his distinctive life.
Over many decades, Dr. Friedman presented economic insight to real-time events, moving public policy in a libertarian direction while influencing and educating countless others.
William Redpath, Chairman of the Libertarian National Committee stated in reflection, “Milton Friedman was more than just a great economist, whose scholarly work on monetarism helped tame this nation’s inflation and bring about the prosperity of the past quarter century. Until today, he was the greatest living libertarian. The words that adequately convey the loss to libertarianism that his passing brings have yet to be invented.”
Rather than attempt to express condolences that adequately describe Dr. Friedman’s legacy, it may be best to spread a handful of his thoughts, allowing him to, once again, display his brilliance:
“Underlying most arguments against the free market is a lack of belief in freedom itself.”
“The power to do good is also the power to do harm.”
“The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that’s why it’s so essential to preserving individual freedom.”
“Governments never learn. Only people learn.”
“Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”
“The government solution to a problem is usually as bad as the problem.”
“We have a system that increasingly taxes work and subsidizes nonwork.”
“There’s no such thing as a free lunch.”