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Showing posts from July 27, 2017

MILTON FRIEDMAN: A CONSERVATIVE VOICE FOR FREE MONEY FOR ALL

Milton Friedman Milton Friedman, who died in 2006 at the age of 94, was for decades considered, a leading US economist, who garnered worldwide renown. Winner of the 1976 Nobel Memorial Prize in Economics for his many achievements, Friedman criticized traditional Keynesian economics as “naïve” and reinterpreted many of the economic theories broadly accepted up to his era. He was an outspoken free market capitalist who acted as an honored adviser to emblematically ultra-conservative world leaders such as US President Ronald Reagan and British Prime Minister Margaret Thatcher, and his theories on such key areas as monetary policy, privatization and deregulation exercised a major influence on the governing policies of many Western governments and multilateral organizations in the 1980s and ‘90s. Such a staunch conservative would seem like an unlikely academic to go to in search of backing for the controversial idea of giving spending money away to every person and family, no strin