This is longtime Cato Daily podcast host, Caleb Brown. After thousands of episodes over nearly 18 years,

I've moved on from the Cato Daily podcast, but in the interim, I, along with some of you, have selected some favorites.

I hope they resonate with our current moment and continue to spark the desire to defend liberty.

Thank you for listening.

This is the Cato Daily podcast for Tuesday, July 31st, 2007. I'm Caleb Brown. Today, Milton

Friedman, economist and Nobel laureate would have celebrated his 95th birthday. Friedman, as an economist,

made important contributions to macroeconomics,

microeconomics, economic history, public policy, and other areas. For those reasons and more,

the Cato Institute began awarding the Milton Friedman Prize for Advancing Liberty. To Mark Friedman's

birthday, we bring you a few comments from Thomas Sowell, a former student of Friedman, on a side of the man less known to the public.

His comments came at the 2004 dinner announcing the recipient of the Friedman Prize.

Milton Friedman was a great teacher, though I am not sure that I would have fully realized that when I was a student of his.

He gave lectures, but other people gave lectures.

He had a reading list, but other people had reading lists.

He gave exams, but other people gave exams.

Those who believe in the perennial fallacy

that you can tell a great teacher, by observing him in the classroom,

would have missed the boat by merely

observing Professor Friedman in the classroom. The only strikingly different thing that I noticed

about him at the time was his rule that students were not to arrive late and enter the classroom

after his lecture had begun,

distracting him in the class.

...