Definition of Milton Friedman from the Oxford Advanced Learner's Dictionary


Milton Friedman

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(1912-2006) a US economist who received the 1976 Nobel Prize for Economic Science. He supported monetarism, the belief that a nation's economy is mostly affected by the control of the supply of money by its government. Friedman advised Presidents Nixon and Reagan. He wrote Capitalism and Freedom (1962) and Free to Choose (1980), and taught at the University of Chicago from 1946 to 1977.
There's no such thing as a free lunch.
Milton Friedman