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Milton Friedman born on this day in 1912

I sometimes wonder what it would have been like to have been born in the early 20th century and experiences the tremendous growth in knowledge and technology over a lifetime in that century.

milton-friedman-color-300wI find myself believing that the best time and place to have been born across the entire history of the world would have been in the United States of America in the year 1930.

Being born in New York in 1912 would no doubt come close to that consideration, such as Milton Friedman.

Milton Friedman was an exceptional man with an exceptional mind.

“So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” – Milton Friedman

milton_smilesA Nobel Prize winner, his knowledge of economics was quite astounding.

Penn Bullock wrote in his 2009 article appearing in Reason Magazine that in essence, the Federal Reserve’s response to the global financial crisis of 2007–08 was influenced by Milton Friedman’s monetary theory.

Milton Friedman lived a long life and influenced many. His contributions continue to be praised by some and demonized by others. Regardless of the heralds or raspberries upon the mention of his name, his influence will be with us forever.

The following is an amazing example of Milton Friedman:

This was from 1979 on the Phil Donahue Show. Donahue was quite a character himself and hosted a very popular and pioneering daytime talk show that originated in Chicago.

Phil Donahue is the one with the big hair …

Filed Under: Tony Rollo Blog

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