Milton Friedman 1912-2006 – A Hero Passes
I haven’t had a lot of heroes in my life, but Milton Friedman was one of them. When I first started studying economic thought, his free market principals played a huge influence in my life and it was with great sadness that I learned of his passing today. While I have no doubt that the power of his ideas will live on long past his passing, he will still be missed.
“A society that puts equality – in the sense of equality of outcome – ahead of freedom will end up with neither equality or freedom. The use of force to achieve equality will destroy freedom. On the other hand, a society that puts freedom first will, as a happy by-product, end up with both greater freedom and greater equality. Freedom means diversity but also mobility. It preserves the opportunity for today’s less well off to become tomorrow’s rich, and in the process, enables almost everyone, from top to bottom, to enjoy a richer and fuller life.”
Posted on November 17th, 2006 by Davis
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