http://www.msnbc.msn.com/id/15750712/

Nobel-winner Milton Friedman dead at 94
Economist was among the most influential in recent history
MSNBC News Services
Updated: 1:00 p.m. ET Nov 16, 2006

Milton Friedman, the free market economist and winner of a 1976 Nobel
Prize, has died, a spokeswoman for his family said Thursday.

Friedman, who preached free enterprise in the face of government regulation
and advocated a monetary policy that called for steady growth in money
supplies, was 94.

Friedman died of heart failure in a hospital near his home in San
Francisco, the Wall Street Journal reported on its Web site, citing his
daughter Janet Martell.

His wife Rose Friedman, who co-authored many of his books, survives him.

His death was also announced at a conference of the libertarian Cato
Institute in Washington, the Journal reported. The audience of academics
and policy makers observed several moments of silence in observance.

Friedman was awarded the Nobel prize in 1976. He was a staunch advocate of
economic and political freedom and how the two were intertwined.

He had great influcence not only through academics, but from his popular
books such as 1962's "Capitalism and Freedom," and "Free to Choose" in
1990, the Journal reported. "Free to Choose" was later made into a
television series. He was an adviser to President Ronald Reagan.

We will update this story shortly.


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