One of the best, Milton Friedman, a Nobel Laureate has died at age 94.
Want to know his economic theory in one line? There is no free lunch. He was against government growth and he was brilliant.
A snippet. quote.... A Staunch Libertarian
As a libertarian, Mr. Friedman advocated legalizing drugs and generally opposed public education and the state’s power to license doctors, car drivers and others. He was criticized for those views, but he stood by them, arguing that prohibiting, regulating or licensing human behavior either does not work or creates inefficient bureaucracies.
Mr. Friedman insisted that unimpeded private competition produced better results than government systems. “Try talking French with someone who studied it in public school,” he argued, “then with a Berlitz graduate.”
Once, when accused of going overboard in his antistatism, he said, “In every generation, there’s got to be somebody who goes the whole way, and that’s why I believe as I do.”
A Friedman quote: “The free market is the only mechanism that has ever been discovered for achieving participatory democracy,” he said.
Another quote, referring to his stance against a military draft:
"General, would you rather command an army of slaves?" Retort by Milton Friedman to Gen. William Westmoreland's claim that he did not want to command "an army of mercenaries" during a heated discussion on the costs and benefits of endorsing conscription and the draft in the 1960s.
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His book and the ensuing PBS series, "Free to Choose" was a masterpiece of free market economic theory.