Support the Blog — Buy This Book!
For Kindle and with free ePub version. Only $9.49 Great reading.
Here is what Gary Shapiro CEO of the Consumer Electronics Association (CEA) said: Dvorak's writing sings with insight and clarity. Whether or not you agree with John's views, he will get you thinking and is never boring. These essays are worth the read!
Put this ad on your blog!
Syndicate
Subscribe to Main Blog feed here:
Subscribe to Comments too (below):
Junk Email Filter
Oh my god. If this is true goodbye to one of the greatest libertarian thinkers of our time. This is a devastating loss to the field of economics but undoubtedly his lessons and ideas will continue to transcend his death. I would encourage anyone who calls themselves a libertarian to buy “Free to Choose” or any of his other collected works. A couple months ago he did a two part podcast on monetary inflation, and his ideas on being free to choose, check it out at econtalk.org . Adios a uno de los Chicago boys..
ya know… being dead AND having a valid entry in wikipedia is the ultimate epitaph.
He gets my respect. But, how can this story develop?
I must be poor. I thought this guy drew Wile E. Coyote or was the one running for governor of Texas or something…
If he was just a libertarian, though… No great loss, there.
Yes, he was a great mind. Both he and Hayek have greatly influenced many of my views.
RIP Milton. He’s the man that made me decide to be an economics major.
Not just a libertarian, but one of the first to point out that regulating the money supply was the way to cure the disasterous economy we had in the 1970s. Volker and later Greenspan learned a lot from Freedman.
His ideas on personal and economic freedom were, for the most part, way ahead of his time.
He WILL be missed!
DAve
>regulating the money supply was the way to cure the disasterous economy we had in the 1970s.
In the last few years he changed his mind somewhat after seeing all that deflation and then inflation. He moved more in the direction of a gold standard. Amazing that someone that old could change his mind in the face of new evidence about arguably his biggest achievement
#7, Not just a libertarian, but one of the first to point out that regulating the money supply was the way to cure the disasterous economy we had in the 1970s. Volker and later Greenspan learned a lot from Freedman
Of course, it was John Maynard Keynes who first advocated the use of monetary policy to manipulate the economy. John Kenneth Gailbraith later took up the same philosophy.
Which ever side of the debate you fall on, I find economics a bore, Prof. Friedman packaged a lot of old 19th century US socioeconomic ideals into an effective monerary model. Which many countries, except his own, have embraced. His winning the Nobel came as a shock to most informed monetarist observers at that time, who thought it most likely due to the weight of lobbying from powerful friends. I can believe that in heaven he will be reorganising passage through the pearly gates based on some kind of effective user-pays mechanism. Take a credit card and don’t forget to tip.