Tuesday, July 31, 2012

July 31

July 31 is the birthday of Milton Friedman, economist and Nobel laureate. His political philosophy promoted the free market economic system and minimal government intervention. In his book Capitalism and Freedom (1962) he advocated a volunteer military, freely floating exchange rates, abolition of medical licenses, a negative income tax and education vouchers. In recent years Friedman’s libertarian and laissez-faire views have met with fierce challenges.

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