Today Milton Friedman would have turned 102 years. Happy birthday Uncle Milty!
I have over the last couple of years done numerous posts celebrating Milton Friedman so this post will not be long. Instead I will leave the job to Robert Hetzel who I am also celebrating this year as Bob turned 70 years on July 3.
So I find it suiting that my readers should read Bob’s paper The Contributions of Milton Friedman to Economics. Here is the abstract:
Milton Friedman began his teaching career at the University of Chicago isolated intellectually. He defended the ideas that competitive markets work efficiently to allocate resources and that central banks are responsible for inflation. By the 1980s, these ideas had become commonplace. Friedman was one of the great intellectuals of the 20th century because of his major influence on how a broad public understood the Depression, the Fed’s stop-go monetary…
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Utopia, you are standing in it! 
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