Andrew Ferrier

Today is Milton Friedman day. Friedman is a personal hero of mine, an economist who worked hard to publicise the concepts of freedom and liberty, and who sadly passed away last November. His clarity and forthrightness in explaining his beliefs to the layman won him praise, and deservedly so:

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Milton’s son David is also an economist, and continues to promote his ideas on this blog. The Economist has also drawn up an interesting selection of quotes discussing Friedman.

Note: Milton Friedman is unrelated to Thomas Friedman, author of The World is Flat, a book which Roo Reynolds wrote a partial review of recently.