Two items: TLS, one page, 8.5 x 11, Hoover Institution on War, Revolution, and Peace letterhead, dated June 27, 1985. Letter to pastor William Ward, in part: “I am enclosing an autographed photograph. My current project is a continuation of the work I have been doing all along, namely, as a scientific economist, investigating various aspects of the role of money in the economy…As we put it in our book Free To Choose, nobody spends somebody else’s money as carefully as he spends his own.”; and a glossy 8 x 10 photo, signed and inscribed in black ink, “For Rev. Wm. Ward, Milton Friedman, June 18, 1985.” In fine condition, with a central vertical crease to letter and some scattered light surface marks to photo. RRAuction COA.