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'''Milton Friedman''' (1912-2006) was a [[libertarian]] [[economist]] who emphasized freedom.  He was the favorite economist of many conservatives (including [[Ronald Reagan]]), in part because nearly all other economists have been [[liberal]].  Friedman was an early advocate of free choice in education, such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref>  Friedman received the 1976 Nobel Prize for [[economic]]s.   

'''Milton Friedman''' (1912-2006) was a [[libertarian]] [[economist]] who emphasized freedom.  He was the favorite economist of many conservatives (including [[Ronald Reagan]]), in part because nearly all other economists have been [[liberal]].  Friedman was an early advocate of [[free choice in education]], such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref>  Friedman received the 1976 Nobel Prize for [[economic]]s.   

In one celebrated case, Milton Friedman called a special meeting at the University of Chicago, where he taught, to prove that the [[Coase theorem]] was false.  But within two hours of discussion, Friedman had the intellectual courage and objectivity to reverse himself and admit that he was wrong and Ronald Coase was right.  Many lesser intellectuals can spend their entire lives refusing to admit that they were wrong about something.

In one celebrated case, Milton Friedman called a special meeting at the University of Chicago, where he taught, to prove that the [[Coase theorem]] was false.  But within two hours of discussion, Friedman had the intellectual courage and objectivity to reverse himself and admit that he was wrong and Ronald Coase was right.  Many lesser intellectuals can spend their entire lives refusing to admit that they were wrong about something.

:Concentrated power is not rendered harmless by the good intentions of those who create it.

:Concentrated power is not rendered harmless by the good intentions of those who create it.

:Underlying most arguments against the free market is a lack of belief in freedom itself.

:Underlying most arguments against the [[free market]] is a lack of belief in [[freedom]] itself.

   

   

:The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

:The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.