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On his death in the autumn of 2006, Milton Friedman was lauded as "the grandmaster of free-market economic theory in the postwar era" by the New York Times and "the most influential economist of the second half of the 20th century" by the Economist. Winner of the Nobel Prize in Economics in 1976, Friedman was both a highly respected economist and a prominent public intellectual, the leader of a revolution in economic and political thought that argued robustly in favor of virtues of free markets and laissez-faire policies.Milton Friedman on Economics: Selected

Contents -- Preface -- 1. The Island of Stone Money -- 2. The Mystery of Money -- 3. The Crime of 1873 -- 4. A Counterfactual Exercise: Estimating the Effect of Continuing Bimetallism after 1873 -- 5. William Jennings Bryan and the Cyanide Process -- 6. Bimetallism Revisited -- 7. FDR, Silver, and China -- 8. The Cause and Cure of Inflation -- 9. Chile and Israel: Identical Policies, Opposite Outcomes -- 10. Monetary Policy in a Fiat World -- 11. An Epilogue -- References -- Index

Friedman discusses a government system that is no longer controlled by we, the people. Instead of Lincoln's government of the people, by the people, and for the people, we now have a government of the people, by the bureaucrats, for the bureaucrats, including the elected representatives who have become bureaucrats.