Monetary policy: "Free market" (Hayek letter defending Friedman)
|Source:||The Times , 18 Mar 1980, p18|
|Themes:||Monetary policy, Conservatism|
From Professor F. A. Hayek
Sir, Sir Eric Roll makes fun of Milton Friedman (March 6) for having said that "the whole of Western civilization rests on the free market". Surely, if Professor Friedman had explicitly said what he clearly meant, namely that the whole of Western civilization rests on as much free market as government allowed, he would have been perfectly right.
F. A. HAYEK.
Urachstrasse 27, D-7800 Freiburg. March 7.