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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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Dec 12, 2023 · Milton Friedman was one of the most influential economists of the 20th century, right alongside John Maynard Keynes. His work pushed economic thought toward free markets in the 1970s and 1980s.
Jan 30, 2024 · Monetary policy is a stealth tax on the poor. It does exactly what Friedman objects to, i.e., transferring wealth from the poor who are debtors to the rich who are creditors, thereby widening inequality. To wit: Posthaste: Interest rates would be 200 bps lower if governments spent less, says Scotiabank.
Nov 13, 2023 · One of Friedman’s major accomplishments, as Burns describes it, is to have crafted the “basic intellectual consensus about free markets and limited government that powered twentieth-century...
Feb 1, 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 representatives who have become bureaucrats.
Nov 18, 2021 · Economists have gotten a lot wrong over the course of this pandemic, and long before that, but there is one whose ideas have never looked better: Milton Friedman, the Nobel laureate who died in...
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Sep 9, 2021 · Friedman called for ending government setting of maximum interest rates on checking and savings accounts; that’s gone. He wanted to end “regulation of transportation by the Interstate Commerce Commission.”
