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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician and writer. Having taught at the University of Chicago for several decades, Friedman was instrumental in the development of the Chicago school of economics. He spent years challenging socialism and advocating for a free market economic system with limited government. In 1976 he was awarded the Nobel Memorial Prize in Economic Sciences in part for his work on monetarism.


Fun Fact: Friedman was awarded the National Medal of Science and the Presidential Medal of Freedom in 1988.

 

If you are interested in learning more about Friedman's ideas, apply to one of FEE's Summer Seminars!

 

 

The Free Lunch Myth

 

 

Friedman Predicts Bitcoin

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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