With the possible exception of Adam Smith, no person in history is more widely recognized as ably championing free markets than Milton Friedman. Justly so: For more than 60 years until his death in 2006, he pressed the case for capitalism and freedom with impeccable scholarship, good cheer, impressive vigor and unmatched clarity.
Despite his clarity, there are a handful of people whose inability or unwillingness to grasp Friedman's arguments leads them to misrepresent his writings and policy recommendations.
Consider British journalist Nicholas Wapshott. He used the occasion of the 100th anniversary of Friedman's birth (July 31) to claim, in the Daily Beast, that Friedman's attitude toward government was much closer to that of pro-interventionist John Maynard Keynes than to that of Keynes's famous free-market opponent, Friedrich A. Hayek.
Click here to continue reading: Donald Boudreaux: Was Milton Friedman a Secret Admirer of Keynes? - WSJ.com
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