Who is Friedman and why is he important?
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.
When did Milton Friedman write capitalism and freedom?
Capitalism and Freedom Friedman (1956, 1962, 1982, 2002) Introduction Economic Freedom and Political Freedom The Role of Government in a Free Society The power to do good is the power to do harm; those who control the power today may not tomorrow; and, more important, thatone man regards as good, another may regard as harm.
What did Milton Friedman do for a living?
In addition to his scientific work, Friedman also wrote extensively on public policy, always with a primary emphasis on the preservation and extension of individual freedom.
How much did the government spend in 1992?
Government spending at all levels, federal, state, and local, in 1992 was about 43 percent of the national income. In addition, mandated expenditures plus costs imposed by regulations, tariffs, quotas, and so on in effect commandeer a healthy slice of the 57 percent nominally spent by the private sector.
Capitalism and Freedom