    [Weekly Compilation of Presidential Documents Volume 42, Number 46 (Monday, November 20, 2006)]
    [Pages 2067-2068]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Statement on the Death of Milton Friedman

    November 17, 2006

        America has lost one of its greatest citizens. Milton Friedman was a
    revolutionary thinker and extraordinary economist whose work helped
    advance human dignity and human freedom.
        A champion of limited government and personal freedom, Friedman
    proposed bold ideas about school choice, tax reductions, and an all-
    volunteer army that serve as the foundation of many of America's most
    successful Government reforms. His work demonstrated that free markets
    are the great engines of economic development. His writings

    [[Page 2068]]

    laid the groundwork that transformed many of the world's central banks,
    helping deliver economic stability and improved living standards in
    countries around the world.
        Milton Friedman, a recipient of the Nobel Prize, will be remembered
    as one of the most influential economists in history. The Nation is
    grateful for his profound contributions.
        Our thoughts and prayers are with the Friedman family.