Friedman night.

NEW YORK, JUNE 24

THE other night in New York there was a great money-raising party in honor of Milton and Rose Friedman. Those present were true believers, and Milton Friedman is their nativity. That is true in a general sense, since he is the author of definitive studies of the monetary system, and is the American fons et origo of libertarian enterprise. He received a Nobel Prize, endowed the University of Chicago and then the Hoover Institution with his afflatus, and promises his disciples to live forever, along with his brilliant and decorative wife, Rose. He has made a flying start on this guarantee since he is 93 years old and he and Rose have been married for 67 years.

The Friedman Foundation, which was the evening's beneficiary, is devoted to advancing the prospects of school choice. This is a very live movement, born 50 years ago in an essay by Milton Friedman. There are school choice programs of various kinds ongoing in several states, described in the literature distributed at the Mandarin Oriental Hotel along with the meal (it would have been tempting to write, in lieu of a meal). The beneficiaries of school choice would include students who use the voucher; students who remain in government schools (these would improve on facing competition); employers (who would find literate graduates applying for jobs); educational entrepreneurs (who would invest in new and innovative schooling); and taxpayers--inasmuch as school choice would bring reduced expenses.

The evening was star-studded. We had a tape of Alan Greenspan, who hailed Friedman's work even as, later in the evening, Friedman would hail the work of Greenspan. George Shultz was on screen to name Friedman the single most important human being of our time. Henry Kissinger was present and gave a brief glowing talk about the importance of Friedman as an international symbol.

Then came questions and answers. Here Friedman says some things that require faith. He compares the performance of Catholic schools and public schools in New York City. The Catholic schools (only one-half of whose students are Catholic) cost half as much per student as the public schools and send almost twice as many graduates on to college.

Moreover, the very act of submitting to pubic schooling tames young spirits to associate public enterprises with correct social enterprise. It is a contaminating experience, Friedman holds--a breeding ground of budget allocations by political bodies, submission to cartels of union-bound teachers, and a spiritual acclimation to a norm which, far from being competitive, encourages the kind of mediocrity that is associated with corporate goals set by remote agencies.

On nothing are the Friedmans more emphatic than that school choice would help poorer students. Competition inevitably encourages quality, and students who are free to opt for alternative schooling would flock to do so, as they have done in experiments in Chicago and Milwaukee and are expected to do in Arizona and Utah.

The Friedmans have committed their entire estate to their foundation, which currently lists assets of more than $4 million. Everything Milton touches has the feel of his optimism, and Wednesday's event was no exception. Dinner chairman Charles Brunie announced that the dinner had generated $993,000 in contributions. Whereupon a guest raised his hand and said, "Count me in for $7,000," making it a million-dollar affair.

--UNIVERSAL PRESS SYNDICATE