Milton Friedman has died. One of the most famous economists to come out of the
Chicago school, his 1962 book
Capitalism and Freedom was a straightforward challenge to the predominant
Keynesian model that government intervention was frequently necessary to prevent market failures, arguing instead that the way to true political freedom was through economic freedom. He was a devout
monetarist and although conventional wisdom conflates conservatism with laissez-faire economics, he described his own philosophy as
liberal in the Enlightenment sense of the word. His 1980 book
Free to Choose, written with his wife Rose in conjunction with the
PBS series of the same name, explained in layman's term his philosophy of how a truly free market works for the benefit of society.
posted by Doofus Magoo
on Nov 16, 2006 -
123 comments
Lou Rawls dies You'll never find... A "velvety baritone" like Lou Rawls, who died Friday of lung cancer at Cedars-Sinai in LA. He moved with his mother from Chicago in the 1950s, was a friend of Sam Cooke, and sang the National Anthem at Game 2 of the 2005 World Series
in Chicago. Rawls sang with
Sam Cooke, was awarded three Grammys, sold one platinum and five gold albums. He said: There are no limits to music, so why should I
limit myself?"
posted by SeeAych4
on Jan 6, 2006 -
31 comments
