Milton Friedman Knew
Friedman knew teachers’ unions were dangerous to America’s future. That’s why educators across America removed him from the classroom.
Inflation is taxation without legislation. ...
- Milton Friedman
Introduction
Few young people today know who Professor Milton Friedman was and more importantly, what he taught. Winner of the Nobel Prize in Economics in 1976 Friedman was recognized as one of the greatest minds in economics, considered right up there with Adam Smith the author of Wealth of Nations which was published in 1776.
Friedman was much more relevant. A grass roots perspective, where the economy hits your wallet.
Friedman’s insights were practical to everyday life, he fundamentally explained the principles of free market capitalism in ways that most people understand, at a personnel level. He explained inflation as a tax he warned against government actions that would create the inflation tax.
Friedman wasn’t just an economic professor, he was also a noted historian. He drew parallels between liberty and the degrees of free market capitalism throughout history. He illustrated the dangers that economic structures of socialism / communism had on liberty, he did so on levels that Americans understood.
He was popular as a public speaker back in the 60s and 70s. He was often quoted in both academic literature and mainstream media. Wrote dozens of books and deep dive academic papers on economics and history including a book titled No Such Thing as a Free Lunch.
He warned Americans about the dangers of the teachers unions. So the education system cancelled him, America has suffered greatly as a result.
At 65 my life goal is to help right that wrong.
This is an introduction to a recurring theme in my forthcoming book that will include dozens of Friedman’s quotes. These quotes when studied will be like obtaining a masters degree in practical economics.
Friedman’s employment resume’
National Resources Planning Board
National Bureau of Economic Research
Columbia University
University of Wisconsin
U.S. Department of Treasury
University of Chicago
University of Cambridge
Hoover Institute/ Stanford University
We’re going to go deep into Milton Friedman and his economic insights, young people of all ages will enjoy the dive join us, subscribe now.
Sisters Volcanos Viewed from Redmond Oregon 10/30/22
Martin Armstrong was friends with Milton Friedman. Martin says Milton alerted him to his really unique position to truly understand economics when Milton attended one of his presentations. Martin was advisng globally. Many foreign clients. Martin reportedly was the first to closely track international capital flows. That allowed him to publicly predict the collapse of LTCM in 1998.