Throughout his career, Milton Friedman had come up with many different ideas that would assist the economy. His main thought to improve the society was to get the government less involved with the economy. His main goal was to exclude the government from interfering...
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...ea of the float exchange rate and his many other theories, is being used by most governments today. Friedman had a huge contribution in the scientific studies of economics and changed many views of people on the role of the government and the free market system. He presented his ideas through his books, interviews, and by becoming a politician. With a capitalist society the citizens are given many more advantages and freedom than a communist economy. The former advisor of President Reagan, Martin Anderson, had once stated, “If you step back and look at all the sweeping political and economic changes in the United States and even in other countries, a lot of people have had an important effect. But if you had to say one person who had the most impact, it’s Milton Friedman.” Milton Friedman has had a great influence on the world and will continue to in the long-run.
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- Nobel Peace Prize winner and famous economist Milton Friedman, started his life in Brooklyn, New York, on July 31 1912. The youngest in his Jewish household, he was already known for his interest in reading and mathematics. His early schooling was held at the public schools of Rahway, New Jersey. In time he was awarded a state scholarship to attend Rutgers University. In his original intent, he was going to go to school for mathematics and eventually have an actuary career; however, he was influenced by a number professors and in time made the transition from mathematics to economics.... [tags: Keynesian economics, Economics, Milton Friedman]
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