Celebrate what would have been the 99th birthday of Milton Friedman when John Fund, political columnist for The Wall Street Journal, assesses the legacy of the late Nobel Prize-winning economist and champion of capitalism.

Friedman was widely regarded as the leader of the Chicago School of monetary economics. His landmark work, Capitalism and Freedom, was published in 1962. In 1988, he received the Presidential Medal of Freedom. Fund has been with the Journal since April 1984.