What was important about his views that helped reshape modern capitalism?

Well, he showed how important attention to the money supply is and to what the Federal Reserve does in our country and other central bankers.

And when people started to act on his ideas, and I think principally when Ronald Reagan came into office and Paul Volcker was the chairman of the Federal Reserve, they went to work on the inflation problem and using Milton's ideas, and it worked.

But I think it's not fair to say that that fifty years ago no one paid attention to him.

People paid attention to him.

He was a very prolific writer and economist and in many ways he kind of set the agenda and people argued with him a lot.

But people used to say everybody loves to argue with Milton particularly when he isn't there.

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decision.

Well, finally, he relented.

But anyway, the Soviets bought a lot of grain, but they didn't know here, they didn't know there, and so on.

They cornered the market.

Prices skyrocketed.

They were in theory on something like that.

Well, I went over to Moscow, and I have a session with Fosigian.

Anything about the man that we need to understand or we need to convey properly?