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Friedman was widely regarded as the leader of the Chicago School of monetary economics, which stresses the importance of the quantity of money as an instrument of government policy and as a determinant of business cycles and inflation. He published many books and articles, most notably A Theory of the Consumption Function, The Optimum Quantity
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Feb 1, 1993 · Why Government is the Problem, by Friedman, Milton, 1993. Friedman discusses a government system that is no longer controlled by “we, the people.” Instead of Lincoln's government “of the people, by the people, and for the people," we now have a government” of the people, by the bureaucrats, for the bureaucrats," including the elected ...
Jan 30, 2024 · David Boaz gives the Alfred Kahn counterexample. One argument Milton uses a couple of times in his talk and in the discussion has less force than it used to: he objects to taxing poor and low-income people to help middle- and higher-income people.
Oct 4, 2017 · In politics, liberalism expressed itself as a reaction against authoritarian regimes. Liberals favored limiting the rights of hereditary rulers, establishing democratic parliamentary institutions, extending the franchise, and guaranteeing civil rights.
Feb 5, 2024 · Yet for the first three decades of his career, Friedman was regarded by many of his peers as a retrograde thinker: His conservative politics and thinking on money clashed with the Keynesian...
Feb 22, 2022 · Despite his interest in public policy, Friedman consistently refused appointments to full-time government positions, preferring to concentrate on his scientific work and to promote his public policy beliefs outside of government.
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Jun 16, 2016 · Although he made many important contributions to both economic theory and policy—most clearly demonstrated by his development of and support for the quantity theory of money—he was also active in various spheres of public policy, where he, more often than not, championed the free market and liberty.
