Milton Friedman wrote all my college Economic text books. I found him a true entrepreneurial spirit when it came to simplifying for me the subject of micro-economic principles. I have used them as my measure for evaluating various ideas over the years.
He died in November, 2006 at 94 years old. Below is a brief synopsis of what he championed in an obscure science, not at all understood by the liberal psyche because they never took business classes, only liberal arts and political science classes based upon feel-good solutions like sitting around the campfire singing, "Lord, kumbayah!" (Community Organizers did a lot of that)
Milton Friedman, Nobel Prize recipient, was the father of monetarism and the prophet of laissez-faire economics. It was his debunking of the economics of John Maynard Keynes which was a major factor in leading to the free market revolutions in Britain and the United States. He inspired Reagan and Thatcher. By his contribution to consumption theory, to the demand for money and to economics methodology, and to decision-making under uncertainty, he moved the economic consensus decisively to the right. For some commentators, it has not been fanciful to trace the collapse of Communism back to Friedman's teachings.
Below is a very brief 2 1/2 minute interview on the very liberal Phil Donahue Show in 1979. Ask yourself if he is speaking to us today, 31 years later? Hmmnn.................Is Obama listening too? LOL!
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