Editing Milton Friedman (section)

== Post-retirement ==
[[File:Pencil.webm|thumb|left|Friedman giving [[I, Pencil|a lecture about a pencil]] in ''Free to Choose'' (1980)]]
In 1977, at the age of 65, Friedman retired from the [[University of Chicago]] after teaching there for 30 years. He and his wife moved to San Francisco, where he became a visiting scholar at the [[Federal Reserve Bank of San Francisco]]. From 1977 on, he was affiliated with the [[Hoover Institution]] at [[Stanford University]].<ref>{{Cite web|title=Milton Friedman|url=https://www.hoover.org/profiles/milton-friedman|access-date=May 23, 2021|website=Hoover Institution|language=en}}</ref>

During 1977, Friedman was approached by [[Bob Chitester]] and the [[Free to Choose Network]]. They asked him to create a television program presenting his economic and social philosophy.<ref>{{Cite web|last=Boaz|first=David|date=May 10, 2021|title=Bob Chitester, RIP|url=https://www.cato.org/blog/bob-chitester-rip|access-date=May 20, 2021|website=Cato Institute}}</ref><ref>{{Cite press release|last=Hawkins|first=Marjory|date=May 10, 2021|title=Free To Choose Network Founder & Chairman Bob Chitester Dies|url=https://www.globenewswire.com/news-release/2021/05/10/2226535/0/en/Free-To-Choose-Network-Founder-Chairman-Bob-Chitester-Dies.html|access-date=May 20, 2021|website=GlobeNewswire News Room|language=en}}</ref><ref>{{Cite web|last=|first=|date=2021|title=Free To Choose Network {{!}} Tribute to Our Founder, Bob Chitester|url=https://freetochoosenetwork.org/tribute/|access-date=May 20, 2021|website=freetochoosenetwork.org|language=en}}</ref>

Friedman and his wife Rose worked on this project for the next three years, and during 1980, the ten-part series, titled ''[[Free to Choose]]'', was broadcast by the [[Public Broadcasting Service]] (PBS). The companion book to the series (co-authored by Milton and his wife, [[Rose Friedman]]), also titled ''Free To Choose'', was the bestselling [[Nonfiction|nonfiction book]] of 1980.<ref>{{Cite book|last1=Friedman|first1=Milton|url=https://books.google.com/books?id=F5z1B5SwGUEC|title=Free to Choose: A Personal Statement|last2=Friedman|first2=Rose|year=1990|publisher=Houghton Mifflin Harcourt|isbn=978-0547539751|language=en}}</ref>

Friedman served as an [[Adviser|unofficial adviser]] to [[Ronald Reagan]] during his [[Ronald Reagan 1980 presidential campaign|1980 presidential campaign]], and then served on the [[Economic Policy Advisory Board|President's Economic Policy Advisory Board]] for the rest of the [[Reagan Administration]]. [[Alan O. Ebenstein|Ebenstein]] says Friedman was "the 'guru' of the [[Presidency of Ronald Reagan|Reagan administration]]".<ref name="ReferenceA"/> In 1988, he received the [[National Medal of Science]] and Reagan honored him with the [[Presidential Medal of Freedom]].<ref>{{Cite web|last=Bush|first=George W.|date=2002|title=President Honors Milton Friedman for Lifetime Achievements|url=https://georgewbush-whitehouse.archives.gov/news/releases/2002/05/20020509-1.html|access-date=May 10, 2021|website=georgewbush-whitehouse.archives.gov}}</ref>

Friedman is known now as one of the most influential economists of the 20th century.<ref>{{cite news|title=Milton Friedman: An enduring legacy|url=https://www.economist.com/daily/news/displaystory.cfm?story_id=8190872|newspaper=The Economist|date=November 17, 2006|access-date=February 20, 2008|archive-url=https://web.archive.org/web/20080217001346/http://www.economist.com/daily/news/displaystory.cfm?story_id=8190872|archive-date=February 17, 2008|url-status=live}}</ref><ref>{{cite news|author=Patricia Sullivan|date=November 17, 2006|title=Economist Touted Laissez-Faire Policy|url=https://www.washingtonpost.com/wp-dyn/content/article/2006/11/16/AR2006111600592.html|newspaper=The Washington Post|access-date=February 20, 2008|archive-url=https://web.archive.org/web/20080726012032/http://www.washingtonpost.com/wp-dyn/content/article/2006/11/16/AR2006111600592.html|archive-date=July 26, 2008|url-status=live}}</ref> Throughout the 1980s and 1990s, Friedman continued to write [[op-ed|editorials]] and appear on television. He made several visits to Eastern Europe and to China, where he also advised governments. He was also for many years a [[Trustee]] of the [[Philadelphia Society]].<ref>[http://www.cato.org/special/friedman/friedman/index.html Milton Friedman – Biography | Cato Institute] {{Webarchive|url=https://web.archive.org/web/20120502110026/http://www.cato.org/special/friedman/friedman/index.html |date=May 2, 2012 }}. Cato.org (November 16, 2006). Retrieved on September 6, 2017.</ref><ref>{{Cite web|url=http://phillysoc.org/trustees.htm|archive-url=https://web.archive.org/web/20130827033031/http://phillysoc.org/trustees.htm|url-status=dead|title=Trustees|archive-date=August 27, 2013}}</ref><ref>[https://web.archive.org/web/20130827031003/http://www.phillysoc.org/fried.htm Milton Friedman]. phillysoc.org</ref>