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Milton Friedman's Free Mind Favors Free Markets; World-Class Economist: His passion for logic, respect for math and love of argument countered the Keynesian paradigm.(LEADERS & SUCCESS)(BEST OF LEADERS & SUCCESS)
Byline: CHRISTOPHER L. TYNER
Milton Friedman doesn't mind a good argument. In fact, he looks forward to one.
"I start from a belief in individual freedom," Friedman said Tuesday from his Russian Hill apartment in San Francisco overlooking the bay. "The people who always get us into trouble are the people who know better than you do what's good for you. But how do I know that what I believe is right unless I can get you to agree with me? What right do I have to force you to behave a certain way, unless I can get you to do it of your own free will? Arrogance (and) intolerance are what produce the major ills of the world."
Friedman's extraordinary life is a testament to liberty. An ambitious young intellectual, Friedman climbed above his modest immigrant family beginnings and turned himself into one of the foremost economists of the century.
In addition to winning the Nobel Memorial Prize in Economic Sciences in 1976, Friedman served as adviser to Presidents Nixon and Reagan, taught economics at the University of Chicago and Rutgers University, and wrote numerous books.
One of the generals in the fight for free markets, he seeks today to keep learning. He spends time on the Internet downloading economic statistics and keeps abreast of issues by reading The New York Times and The Washington Post online.
Why does he read his nemesis, the liberal Times? "It seems to me more important to read stuff you disagree with than to read stuff you agree with," he said.
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