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Milton Friedman, 1912-2006

by Henning Fischer

Among both liberals and conservatives, he was one of the great giants of 20th century economics.

“What was really so important about him,” said W. Allen Wallis, a former classmate and later faculty colleague at the University of Chicago, “was his tremendous basic intelligence, his ingenuity, perseverance, his way of getting to the bottom of things — of looking at them in a new way that turned out to be right.”

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