Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist. He believed in monetarism.  Monetarism is the theory that how much money the government prints each year has a huge effect on the economy.  He supported the government printing the same low rate of money each year rather than a different amount each year.

Friedman was born in Brooklyn, New York to a Hungarian-Jewish family. He was raised in Rahway, New Jersey. Friedman studied at Rutgers University, at Columbia University, and at the University of Chicago. He worked thirty years in Chicago with George Stigler as a leader of the Chicago school of economics.

During the 1970s, Milton Friedman's idea of monetarism gained popularity and he became an economic advisor to President Ronald Reagan.

Friedman believed that the government control over the economy should be limited.  He supported cutting taxes, lowering government spending, getting rid of government rules that limited the economy and letting parents choose which school their taxes paid for.  His political views were libertarian.  He was against forcing people to join the army, and said that getting rid of United States military conscription was the thing he was most proud of doing.

Throughout several decades, Friedman made many documentaries, books, and interviews to express his views to the public. The main books he wrote were Capitalism and Freedom and Free to Choose.

Friedman married Rose Director in 1938. Together, they had a son and a daughter. He was agnostic.

Friedman died of heart failure in San Francisco, California, aged 94. He was survived by his wife and his two children. His remains were cremated and scattered over the San Francisco Bay area.

References

Other websites

 Milton and Rose Friedman: An Uncommon Couple  (Multiple Text, audio, video)
 The Milton Friedman papers at the Hoover Institution Archives
 Selected Bibliography for Milton Friedman at the University of Chicago Library
 Profile and Papers at Research Papers in Economics/RePEc


 Becker Friedman Institute at the University of Chicago
 The Foundation for Educational Choice
 Milton Fridman at Scarlett
 Inflation and Unemployment 1976 lecture at NobelPrize.org
 Nobel Prize acceptance speech
 Milton Friedman -Citizendium 

Category:1912 births
Category:2006 deaths
Category:American agnostics
Category:American economists
Category:American Nobel Prize winners
Category:Jewish American academics
Category:Jewish Nobel Prize winners
Category:Libertarians
Category:Republicans (United States)
Category:Scientists from San Francisco
Category:Writers from San Francisco
Category:Writers from New Jersey
Category:Educators from San Francisco
Category:Educators from New Jersey
Category:University of Chicago faculty
Category:Educators from New York City
Category:Writers from New York City
Category:Rutgers University alumni
Category:Nobel Prize in Economics winners