A note sent in by Prof. Milton Friedman
to Prof. Subroto Roy, Advisor, IPI, on 14th Sept. 1998

I am delighted to learn from Professor Roy that my 1955 memo is on the web and easily available in India. I am sure that if I were writing it today, it would differ in many details and recognize the many changes that have occurred in the past 43 years. Yet I believe the general thrust would be the same. More important, I believe that the experience of those years around the world has led to far greater support for free markets, minimum government intervention, and floating exchange rates than existed then.

I congratulate you on starting an organization to promote human and economic freedom and wish you every success. The web provides you with a tool that I and my contemporaries did not have and you are wise to make full use of it.

I might note that while I am passing from the scene, my son, David Friedman is still active in promoting libertarian themes and he too uses the web. You may find useful material on his web cite which is http://www.best.com/~ddfr/.

May your movement thrive.

Milton Friedman


1. A Memorandum to the Government of India, 1955

2. Milton Friedman on the Nehru/Mahalanobis Plan


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