Today is the birthday of prominent free-market economist Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science.
Friedman, who passed away in 2006 at the age of 94, was widely regarded as the leader of the Chicago School of monetary economics.
Friedman also wrote extensively on public policy, always with primary emphasis on the preservation and extension of individual freedom.
Friedman’s ideas on economic freedom hugely influenced both the Reagan administration and the Thatcher government in the early 1980s, revolutionized establishment economic thinking across the globe, and have been employed extensively by emerging economies for decades.
In the picture above, Friedman is all smiles with Cato Institute founder, Ed Crane and Vice President for Monetary Studies, Jim Dorn.
Learn more about Milton Friedman and his ties to Cato…
- “Happy Birthday, Milton Friedman,” by David Boaz
- VIDEO: Milton Friedman on Tides of Political Thought in Modern History, libertarianismdotorg
- VIDEO: There’s No Such Thing as a Free Lunch, libertarianismdotorg