Recipient of the 1976 Nobel Memorial Prize in Economic Sciences, Milton Friedman has long been recognized as one of our most important economic thinkers and a leader of the Chicago school of monetary economics. A senior research fellow at the Hoover Institution since 1977, he is also the Paul Snowden Russell Distinguished Service Professor Emeritus of Economics at the University of Chicago, where he taught from 1946 to 1976. He is the author of...