Scott Garrett: “Dr. Milton Friedman is surely a man that is worthy of the honor of this House. You know, it took courage, it took honor…”

“Dr. Milton Friedman is surely a man that is worthy of the honor of this House. You know, it took courage, it took honor, and it really took genius for Dr. Friedman to challenge the prevailing thought and economic theories of his day. His meticulous economic analysis presented in his books and his lectures and his talks convinced leaders here in the United States, and around the world as well, that inflation could be controlled and it could be controlled through careful control of money supply. That is a theory that has been proven true by the policies of our past Fed chairmen over the last several decades. Dr. Friedman was known for his ability to defend his theories, to defend the free market ideas with both clarity and grace as well. He is considered a friend of all the economists of the day, Keynesians and socialist economists as well, but he used their critiques to sharpen his own theories. He was on TV for a while in a television series, Free to Choose, and Dr. Friedman introduced his free market concepts to a truly popular audience. He proved himself unafraid to defend himself in the marketplace of general ideas as each segment of this, what was a 10-segment-part program, contained a vigorous debate among politicians of the day, economists and historians as well. See, Milton Friedman stood, first and foremost, for freedom.…”