With the possible exception of Adam Smith, no person in history is more widely recognized as ably championing free markets than Milton Friedman. Justly so: For more than 60 years until his death in 2006, he pressed the case for capitalism and freedom with impeccable scholarship, good cheer, impressive vigor and unmatched clarity.

Despite his clarity, there are a handful of people whose inability or unwillingness to grasp Friedman's arguments leads them to misrepresent his writings and policy recommendations.

Consider...