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Milton Friedman dies

Economist Milton Friedman, the architect of monetarism, has died. The 94-year old Nobel Prize winner was an exponent of laissez-faire capitalism. He promoted the theory that wealth would 'trickle down' from rich to poor without intervention by the state. His ideas inspired both Thatcherism and Reaganomics during the 1980s.

ITN Source | November 16, 2006Watch more videos from ITN Source

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