On this day: November 16

Published On: Nov 14 2012 10:50:45 PM CST   Updated On: Nov 16 2016 01:00:00 AM CST

Coca-Cola patents its iconic contoured bottle, Al Capone leaves prison, Harry Potter makes his movie debut, and Prince William and Kate Middleton announce their engagement, all on this day.

OTD November 16 - Milton Friedman
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The Friedman Foundation for Educational Choice

2006: Economist Milton Friedman, who received the Nobel Memorial Prize in Economic Sciences in 1976, dies of heart failure at the age of 94 in San Francisco, California. Friedman, who taught at the University of Chicago for three decades and was an economic adviser to U.S. President Ronald Reagan, wrote such popular books as "Capitalism and Freedom" and "Free to Choose." His ideas concerning monetary policy, taxation, privatization and deregulation influenced government policies, especially during the 1980s.

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