November 16, 2006
A Sad Day

Milton Friedman has died; CNN story here and WSJ story here. (sub req).

HT: Dan Alban and Ted Crouse

UPDATE: George Leef points out CNN puts a nasty spin on its story by quoting a so-called progressive saying "concerns of workers took a back seat compared to those of creditors and bankers."

Posted by E. Frank Stephenson at 01:27 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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