It's good that Milton Friedman is dead, because for the past week Paul Krugman has been trying to kill him off and discredit his monetarist theories.
According to an Aug. 8 post on Krugman's blog at The New York Times, Friedman — whom he designates an "unperson" — has "virtually vanished from the policy discourse."
John Maynard Keynes is back (he never really left), as is Friedrich Hayek, but a few decades from now, historians will regard Friedman as "little more than an economic footnote," the Princeton University economist writes.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.