“There are very few people over the generations who have ideas that are sufficiently original to materially alter the direction of civilization. Milton is one of those very few people.” –Alan Greenspan
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Nobel Laureate economist and Red Planet hero Milton Friedman passed away one year ago this week at age 94. He was, as Thomas Sowell once said, “one of the very few intellectuals with both genius and common sense.”
The Dallas Federal Reserve has now released a 2005 interview done between Dallas Fed president and CEO Richard W. Fisher and Dr. Friedman. In this clip Dr. Friedman discusses the Federal Reserve’s past mistakes (causing the Great Depression) and Paul Volcker’s and Alan Greenspan’s roles in stabilizing inflation and price levels.
Highly recommended viewing.
The interview is in 4 parts. The rest can be viewed by going here.
(h/t: Rob at Say Anything)
More Milton:
Dr. Friedman’s TV special Free To Choose is now being streamed free of charge at IdeaChannel.tv.
PBS will air a biography of Dr. Friedman on January 29th.
Visit the Milton & Rose Friedman Foundation for school choice.