Milton Friedman, my teacher and friend, was born on this day in 1912. Widely understood to have been one of the foremost economists of all time, with a mastery of quantitative aspects of the study of ...

Friedman: Government today controls something like 40% of the resources of the country. A decent government controls like 10% or 15%. The virtue is that government is so inefficient, it waste great ...

SAN FRANCISCO, CA - 1986: Nobel Prize-winning economist Milton Friedman poses with a sculpture of himself during a 1986 San Francisco, California, photo portrait session. For much of the 1980s ...

Dr. Milton Friedman appears at a Washington news conference in the Mayflower Hotel in Washington in connection with the American Conservative Political Action Conference, Feb. 14, 1976.