Free market economist Milton Friedman dead at 94
A free-market economist, Friedman preached free enterprise in the face of government regulation and advocated a monetary policy that called for steady growth in money supplies.
His ideas played a pivotal role in informing the governing philosophies of world leaders like former British Prime Minister Margaret Thatcher and former U.S. President Ronald Reagan.
Friedman believed that economic stabilization policy did not operate like a thermostat, because of the 'long and variable lag' between policy actions and their ultimate effects.
comments powered by Disqus
- Judith Kelleher Schafer, 72, a historian of slavery and prostitution, dies
- Northwestern celebrates Garry Wills with a book in his honor
- Conservatives go after UCLA's historian James Gelvin
- Laura Hillenbrand writes her masterpieces despite suffering from Chronic Fatigue Syndrome
- New PBS DVD From Henry Louis Gates Jr. Explores African Influence on the Caribbean