Fraser Institute, Professor Block and Milton Friedman

On July 31st the Fraser Institute sent out an email to remember that Milton Friedman would have been 100 years if he was alive. This is the email that was sent:


Today—July 31, 2012—the Fraser Institute joins policy groups from around the world to celebrate what would have been the 100th birthday of Milton Friedman, one of the greatest intellects in history.

Friedman and his wife Rose were longtime friends of the Fraser Institute and Dr. Michael Walker, the Institute’s founding executive director. The Friedmans helped popularize many complex economic ideas, explaining to people around the world why economics matters to everyone, and why capitalism is the key to prosperity.

As governments worldwide continue to react poorly to the economic turmoil following the financial crisis, Dr. Friedman would have encouraged us to be bold in our defense of economic freedom, to study the impact of government intervention and competitive markets, and to hold governments to account.

To learn more about Professor Friedman’s impact, and the implications for Canada and Europe today, I would encourage you to read Dr. Michael Walker’s commentary, an abridged version of which was published in today’s National Post.


Niels Veldhuis
President, Fraser Institute

Professor Walter Block received this email and sent the following response that he was kind enough to let me publish (I am responsible for the part in bold…):

Dear Niels:
Aren’t you interested in the other side of the story? Do either you or Mike want to debate me on this? Are you even aware of this material?
Milton Friedman was a pinko:

Block, 1999, 2003, 2010A, 2010B, 2011; Block and Barnett, forthcoming; McChesney, 1991; Rothbard, 2002; Friedman and Block, 2006; Friedman and Block, 2006; Kinsella, 2009; Machan, 2010; McChesney, 1991; Rothbard, 2002; Vance, 2005; Wapshott, 2012; Wilcke, 1999

Block, Walter E. 1999. “The Gold Standard: A Critique of Friedman, Mundell, Hayek, Greenspan,” Managerial Finance, Vol. 25, No. 5, pp. 15-33;;

Block, Walter E. 2003. “Private property rights, economic freedom, and Professor Coase: A Critique of Friedman, McCloskey, Medema and Zorn,” Harvard Journal of Law and Public Policy, Vol. 26, No. 3, Summer, pp. 923-951;

Block, Walter E. 2010A. “Milton Friedman on Intolerance: A Critique.” Libertarian Papers;

Block, Walter E. 2010B. “Is Milton Friedman a libertarian?” Laissez-Faire, No. 32, pp. 9-22, March;

Block, Walter E. 2011. “How Not To Defend the Market: A critique of Easton, Miron, Bovard, Friedman and Boudreaux .” Journal of Libertarian Studies; Vol. 22, pp. 581–592

Block, Walter E. and William Barnett II. Forthcoming. “Milton Friedman and the financial crisis,” American Review of Political Economy

Friedman, Milton and Walter E. Block. 2006. “Fanatical, Not Reasonable: A Short Correspondence Between Walter E. Block and Milton Friedman (on Friedrich Hayek’s Road to Serfdom).” Journal of Libertarian Studies, Vol. 20, No. 3, Summer, pp. 61-80;

Kinsella, Stephan. 2009. “Milton Friedman on Intolerance, Liberty, Mises, Etc.” November 9;

Machan, Tibor R. 2010. Milton Friedman and the Human Good, June 7;

McChesney, Fred. 1991. “Antitrust and Regulation: Chicago’s Contradictory Views,” Cato Journal, Vol. 10, No. 3, Winter, pp. 775-778

Rothbard, Murray N. 2002. “Milton Friedman Unraveled.” Journal of Libertarian Studies, Vol. 16, No. 4, Fall, pp. 37-54;

Vance, Laurence M. 2005. “The Curse of the Withholding Tax” April, 21;

Wapshott, Nicholas. 2012. “A Lovefest Between Milton Friedman and J.M. Keynes.” July 30;
Libertarians worship Milton Friedman, and liberals lionize John Maynard Keynes. But a long-lost essay shows that the champion of small government admired the prince of the New Deal.

Wilcke, Richard R. 1999. “An appropriate ethical model for business,
and a critique of Milton Friedman1,”
Best regards,


Walter E. Block, Ph.D.
Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics
Joseph A. Butt, S.J. College of Business
Loyola University New Orleans
6363 St. Charles Avenue, Box 5, Miller Hall 318
New Orleans, LA 70118

Don’t miss to read the links in the previous blogpost as well.

Check out some of Professor Blocks great books here:
Block, Walter E. 2012. Yes to Ron Paul and Liberty. New York: Ishi Press;;

Block, Walter E. 2010. The Case for Discrimination. Auburn, AL: The Mises Institute;;; available for free here:

Four Arrows and Walter E. Block. 2010. Differing Worldviews: Two Scholars Argue Cooperatively about Justice Education; Rotterdam, The Netherlands: Sense Publishers;

Block, Walter E. 2010. Building Blocks for Liberty, Auburn, AL: The Mises Institute;;;; available for free here:; Kindle:

Block, Walter E. 2009. The Privatization of Roads and Highways: Human and Economic Factors; Auburn, AL: The Mises Institute;; available for free here:

Block, Walter E. 2008. Labor Economics from a Free Market Perspective: Employing the Unemployable. London, UK: World Scientific Publishing; Perspective/dp/9812705686/ref=sr_1_7?s=books&ie=UTF8&qid=1336603241&sr=1-7

Block, Walter E. 2008 [1976]. Defending the Undefendable. Auburn, AL: The Mises Institute; available for free here:


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