No subscription or hidden extras
Read through the most famous quotes from Milton Friedman
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. ↗
We have a system that increasingly taxes work and subsidizes nonwork. ↗
Friedman proposed a negative income tax to replace the existing welfare system. Friedman's essay "The Methodology of Positive Economics" (1953) provided the epistemological pattern for his own subsequent research and to a degree that of the Chicago School. He once stated that his role in eliminating U.
He theorized there existed a "natural" rate of unemployment and argued that governments could increase employment above this rate (e. by increasing aggregate demand) only at the risk of causing inflation to accelerate. His ideas concerning monetary policy taxation privatization and deregulation influenced government policies especially during the 1980s.