Nobel Prize winner Milton Friedman, one of the most influential economists of the last century, died Thursday, at the age of 94. His wife Rose Friedman, who co-authored many of his books, survives him.
Friedman was awarded the Nobel prize in 1976. He has long championed the cause of political and economic freedom and the links between the two. He has originated, or been associated with, many breakthroughs in economics since the 1950s. He is best known for explaining the role of the money supply in economic and inflation fluctuations.
I remember reading about him and his works, watching him on television and heard him speak at a presentation in New York City in the 80′s. I admired him and his intellect. The world economy is better because of his thoughts.
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