The Giant’s 100th birthday was on 31 Jul 2012.
Some interesting links on the occasion:
- Project Syndicate has some links of and on Friedman. They call it - Milton Friedman at 100
- Daniel Flynn says- Monetarism and the Man
- Stephen Moore in WSJ
In Project Syndicate Milton Friedman at 100, there is an article by Friedman on creation of Euro. This was written on 28-Aug-97. It says:
The drive for the Euro has been motivated by politics not economics. The aim has been to link Germany and France so closely as to make a future European war impossible, and to set the stage for a federal United States of Europe. I believe that adoption of the Euro would have the opposite effect. It would exacerbate political tensions by converting divergent shocks that could have been readily accommodated by exchange rate changes into divisive political issues. Political unity can pave the way for monetary unity. Monetary unity imposed under unfavorable conditions will prove a barrier to the achievement of political unity.
Bang on. Though Friedman was not alone saying this. The other were Feldstein, Krugman and many others as well..