He painted the Chicago Boys, who went back to Latin America and gave political cover to anti-communist dictators using death squads, as radicals.. Krugman has

He painted the Chicago Boys, who went back to Latin America and gave political cover to anti-communist dictators using death squads, as radicals.. Krugman has a lot of respect for Friedman's contributions to understanding stagflation and the development of monetarism. http://www.nybooks.com/articles/archives/2007/feb/15/who-was-milton-friedman/ http://www.nybooks.com/articles/archives/2007/feb/15/who-was... The Krugman haters should find some nice balance in the above essay after Friedman's death where Krugman praises Friedman's economic chops but laments his looser standards when he gets too political. By predicting the phenomenon of stagflation in advance, Friedman and Phelps achieved one of the great triumphs of postwar economics. This triumph, more than anything else, confirmed Milton Friedman’s status as a great economist’s economist, whatever one may think of his other roles.