Great Economists · Modern
Milton Friedman
The Chicago economist who blamed the Great Depression on the Fed, predicted 1970s stagflation, championed free markets on TV, and won policy fights on floating exchange rates and the volunteer army. Monetarism, permanent income and the natural rate.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Inflation; Keynes; Hayek. Next: Paul Samuelson. Sources: Friedman & Schwartz, *A Monetary History of the United States* (1963); 'The Role of Monetary Policy' (AEA address, 1967/68); *Capitalism and Freedom* (1962); *Free to Choose* (1980 series).Next: 1. Life