Milton Friedman (Nobel Prize-winning economist)

Milton Friedman was a renowned economist who won the Nobel Prize for his work on how markets and government influence the economy. He believed that free markets—where individuals and businesses freely buy and sell—lead to more efficient and prosperous outcomes. Friedman argued that government intervention, like excessive regulation or control, often causes more harm than good, and he supported policies such as limited government, free trade, and monetary stability. His ideas have significantly shaped modern economic thought, emphasizing the importance of individual choice and the power of market forces in driving economic growth.