Free market economist Milton Friedman dead at 94Breaking News
A free-market economist, Friedman preached free enterprise in the face of government regulation and advocated a monetary policy that called for steady growth in money supplies.
His ideas played a pivotal role in informing the governing philosophies of world leaders like former British Prime Minister Margaret Thatcher and former U.S. President Ronald Reagan.
Friedman believed that economic stabilization policy did not operate like a thermostat, because of the 'long and variable lag' between policy actions and their ultimate effects.
comments powered by Disqus
- Historian David Kaiser says the most exciting day of his life was JFK’s election
- Michael Bliss, Historian Who Dispelled Myths of Insulin’s Discovery, Dies at 76
- Jill Lepore: Americans Aren't Just Divided Politically, They're Divided Over History Too
- AHA joins protest of Trump’s plan for drastic cuts to the NEH
- Diane Ravitch says the Democrats paved the way for the education secretary's efforts to privatize our public schools