Milton Friedman (Economist)

Milton Friedman (1912-2006) was a prominent American economist known for his advocacy of free-market policies and minimal government intervention in the economy. He argued that economic freedom leads to political freedom and believed that people's choices should shape economic outcomes. Friedman popularized the concept of monetarism, emphasizing the role of government in controlling the money supply to manage inflation. His influential works, including "Capitalism and Freedom," championed the idea that capitalism promotes innovation and prosperity. Friedman's ideas have significantly shaped modern economic thought and public policy, influencing debates on taxation, welfare, and monetary policy.