Political Crossfire Forums

[Lord Hargreaves]

Quote: Nobel prize-winning US economist Milton Friedman has died at the age of 94.

Mr Friedman died in San Francisco, a spokesman for his family said. The cause of death is not yet known.

Mr Friedman, who coined the phrase "there's no such thing as a free lunch", was awarded the Nobel Prize for economics in 1976.



http://news.bbc.co.uk/1/hi/business/6156106.stm



:cry: :(

Milton Friedman's Free to Choose was one of the first books i ever read on free market economics, back in my school days when i thought all the worlds problems could be solved by government legislation and intervention (alas many still have not grown out of this phase yet), so his death has a special kind of significance for me. I almost feel that its a passing of a baton... between the old guard of classical liberalism to the newly emerging front of the 21st century, of which - in my own tiny way - i wish to be a part

[Lord Hargreaves]

I just noticed an amusement: It says "the cause of death is not yet known". He was NINETY-FOUR. Sheesh wanna take a wild guess? :roll:

[Free Thinkr]

RIP.

[Brooklyn]

He was a brilliant man. He contributed a lot to the field of economics. May he rest in peace.

[gavnook]

Awww.

[Prof_2k7]

Lord Hargreaves wrote: I just noticed an amusement: It says "the cause of death is not yet known". He was NINETY-FOUR. Sheesh wanna take a wild guess? :roll:

Um... base-jumping accident? I kid (hey if southpark can do multiple Steve Irwin jokes, I think the playing field has opened a tad).

[Alizard]

Lord Hargreaves wrote: I just noticed an amusement: It says "the cause of death is not yet known". He was NINETY-FOUR. Sheesh wanna take a wild guess? :roll:

Shot by a jealous husband after the results of the paternity test were revealed. :lol:

RIP

[StrangerWitCandy]

R.I.P.

[mojo]

He gave more to modern economics than a lot of government control freaks are willing to admit.

[Falconer]

mojo wrote: He gave more to modern economics than a lot of government control freaks are willing to admit.

Truth. He was one of the 21st century's greatest teachers.

Rest in Peace.

[mODULAR mAN]

mojo wrote: He gave more to modern economics than a lot of government control freaks are willing to admit.

Nice way to use his death as an opportunity to attack people. :roll:

[Anarko-Kapitalizt]

RIP

[sLiPpY]

Lord Hargreaves wrote: I just noticed an amusement: It says "the cause of death is not yet known". He was NINETY-FOUR. Sheesh wanna take a wild guess? :roll:

I heard Milton was sitting there with his calculator, and trying to figure out what the actual cost of the National Debt will be, with interest....

After about six hours the calculator spit out the result! Friedman makes like Fred Sanford and grips his chest.

*RIP Milton*

[Alizard]

mODULAR mAN wrote: mojo wrote: He gave more to modern economics than a lot of government control freaks are willing to admit.

Nice way to use his death as an opportunity to attack people. :roll:

Quote: He maintained that there is a close and stable link between inflation and the money supply, mainly that the phenomenon of inflation is to be regulated by controlling the amount of money poured into the national economy by the Federal Reserve Bank;

Well, at least we figured out what killed him: watching the Bush admin pour trillions of borrowed money down the drain while the FED held the interest rates artificially low to keep the money pipe gushing would have certainly given the poor man a heart attack.....

[Lumina]

Lord Hargreaves wrote: Quote: Nobel prize-winning US economist Milton Friedman has died at the age of 94.

Mr Friedman died in San Francisco, a spokesman for his family said. The cause of death is not yet known.

Mr Friedman, who coined the phrase "there's no such thing as a free lunch", was awarded the Nobel Prize for economics in 1976.



http://news.bbc.co.uk/1/hi/business/6156106.stm



:cry: :(

Milton Friedman's Free to Choose was one of the first books i ever read on free market economics, back in my school days when i thought all the worlds problems could be solved by government legislation and intervention (alas many still have not grown out of this phase yet), so his death has a special kind of significance for me. I almost feel that its a passing of a baton... between the old guard of classical liberalism to the newly emerging front of the 21st century, of which - in my own tiny way - i wish to be a part

Thanks so much for posting this. And I agree about the "passing of a baton."

[chris_mthomas]

Easily the 20th century's second greatest economist. It would have been interesting to see Keynes live a bit longer, and see how those two minds would have bounced off each other. Off course, Friedman gets extra points for being one of the nicest people ever born (and not an arrogant p***k, as Keynes supposedly was).

Irregardless, may he rest in peace. He was 94, but he was still more insightful than economists half his age. He was intensely into the freedom movement, yet he was never dogmatic. He was a genius, yet he'd always admit when he'd been wrong (i.e. the optimum quantity of money). He left the world a better place than he entered it, and I think that's the best anyone can ever do.

[eynon]

his ideas and those of Norman Borlaug did more to create the prosperity of our current world then any other living(or recently dead) person.........

here's norman btw:
http://nobelprize.org/nobel_prizes/peace/laureates/1970/borlaug-bio.html