Milton Friedman has died

The leaders were won over by Mr Friedman's idea that the supply of money was the key factor in determining economic growth and the rate of inflation.

Lady Thatcher paid tribute to Mr Friedman, calling him "an intellectual freedom fighter".

"He revived the economics of liberty, when it had been all but forgotten," she said.

"Never was there a less dismal practitioner of the dismal science. I shall greatly miss my old friend's lucid wisdom and mordant humour."

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One of the people who advacated the Free market from it beginnings has passed away. People tend to go to extremes and avoid the middle ground this is something we saw when the likes of Thatcher came to power. If you dont go to the extremes of an idea you can often gain the benfits without shooting yourselvs in the foot.