Press Release

Statement of Commerce Secretary Carlos M. Gutierrez on the Death of Economist Milton Friedman

SAN FRANCISCO—U.S. Commerce Secretary Carlos M. Gutierrez today released the following statement on the death of economist Milton Friedman:

With the passing of Milton Friedman, America loses a great champion of free enterprise and open markets. His vision for an economy freed from regulatory and governmental restraints is one that we have worked steadily to pursue. The free market values he and the "Chicago School" espoused have fostered a stable and growing American economy that has stood firm in the face of great economic challenges. Friedman’s ideas have been an intellectual beacon for reformers around the world. We join his family in mourning the loss of this great American and vow to continue his work for economic freedom, prosperity and opportunity.