A Tribute to Milton Friedman

The first half of the twentieth century was a dark time for lovers of liberty. In the United States alone, it saw the establishment of the Federal Reserve, an income tax with marginal rates as high as 90%, the New Deal and Social Security, and the reinstatement of the draft. While Liberty is still not given all the respect she deserves, there have been some improvements. The Federal Reserve is still around, but it hasn't caused a depression in 70 years. The marginal federal income tax rate has fallen to about a third. Social Security is still with us, but there's serious talk of reforms, including privatization. The draft, at least, is gone.

Much of this is due to the work of Milton Friedman, a great economist and a great champion of Liberty at a time when she so desperately needed one. As you know by now, Dr. Friedman died recently. Though it is less than he deserved, we offer the following as a tribute to a man whose legacy we are honored to carry on.

David Masten reflects on his first encounter with libertarianism.

Brandon Berg summarizes, not as well as he would like, Friedman's theoretical contributions to economics.

Guest writer Joe Miller gives thanks for worthy adversaries.

Jonathan Wilde has links, and plenty of them.

Scott Scheule pens an essay inspired by Milton Friedman.

Brandon Berg wonders what lessons we may learn from Friedman's success.

David Masten asks a moral question.

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