Poor old uncle Milty dies in the shadow of his discredited doctrines on both money and government spending. No worries he will receive posthumous six gun salute from nearly every central banker that matters. We will no doubt hear endless references to his faux Nobel prize (all the so-called Nobel prizes are actually prizes awarded by the Swedish central bank in honor of Alfred Nobel). Not since J.B. Say has liberal economics been graced by such a theoretician of obscurantism. RIP SOB.

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