Milton Friedman is a world renonouced economist and definitely the most known monetarist in our era. In 1976 he became part of the elite winners of Nobel Prize’s in Economics and is a man who isn’t scared to say what he believes in. He has written many books and is respected throughout the world for his work.
Milton Friedman was born in 1912 in the city of New York. After working at Columbia University and the government he became Professor of Economics at Chicago University. This is where he was best surrounded by many other Monetarists and is where he accomplished much of his most well known work. To many economist Milton Friedman is more viewed along the lines of “evangelist”. (1) He truly believes in the power of the free market and most of his work especially his books are based on it. During the 1980’s Mitlon Friedman even went as far as to make several televisions called “Free to Choose” He also wrote a book by the same title. He has always been a very controversial personality but has always maintained his position tactfully. His theories even influenced the Tory government of Mrs Thatcher to adapt to more monetarist policies when she was elected in 1979. To this day his work remains a
Friedman on the “Global Economy”
“Neither cutting explicit taxes nor balancing the budget is an end in itself. Both are means to the ultimate objective of increasing the freedom of individuals to use their own resources in accordance with their own values…” However by acting on both of these initiatives together; The result would be a per capita GDP 70 percent higher than Hong Kong's, not 7 percent.
Friedman’s views on Drugs “Stop Taxing Non Addicts”
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