Friday, November 17, 2006
Milton Friedman, 94

Milton Friedman was born in 1912 to immigrant parents in New York City. When he was a year old the family moved to a small town in New Jersey about 20 miles out of NYC. He graduated high school in 1928, at the age of 16 and then attended Rutgers University on scholarship graduating in 1932 during the Great Depression. After spending some additional time at the University of Chicago and Columbia he went on to work in various positions conducting research on economic trends, consumer budget and professional income. During the course of his career he worked for the US Treasury Department, academic positions and as economic adviser during Barry Goldwater's and Richard Nixon's run for Presidency. He retired from the University of Chicago in 1977 but continued to remain active in research and discussion of the economic field. During his life he won numerous awards, honorary degrees and in 1976 he won the Nobel Prize for Economics. For all of you, eh, cannabis users you might want to recognize his work in researching the economic benefits of legalization of marijuana.
Mr. Friedman passed away from heart failure.
July 31, 1912 - November 16, 2006
RIP
Labels: 1912 births, 2006 November deaths, economics, heart failure, political
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