Milton Friedman, RIP
The Financial Times has reported the death of the greatest living economist, Milton Friedman, age 94.
Milton Friedman, no matter what you think of mathematical economics - and he was one of the best and founders of this - has passed. Professor Friedman was first and foremost a defender of an individual's free choice, to be free of state coersion and the unintended consequences of seemingly benign (but disastrous) interventions into the economy. His Capitalism and Freedom is a classic, up there with the works of Ayn Rand and Robert Heinlein (albiet non-fiction :-) ) in its influence on generations of truth seekers and individual thinkers. And his Monetary History of the United States put the blame for the prolonged Great Depression right where it belongs: the Central Bank who decreased the money supply instead of just letting it alone.
Everything I've heard and read about him was that he was a thoughtful and kind person, who was able to live long enough to see many of his ideas - 50 years ahead of their time - take hold.