Milton Friedman is Dead

The WSJ reports that Milton Friedman died today at age 94.

Mr. Friedman's Chicago School of thought stressed the virtues of unfettered markets. Mr. Friedman, a leading advocate of free markets, championed monetarism, the notion that the inflation can be regulated by the Federal Reserve's control of the money supply. He wrote extensively on the Great Depression and was an advocate of libertarian ideas such as the decriminalization of drugs.