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Milton Friedman
Part 1 of Paper
....e of poor immigrants, born on 31 July 1912, in New York, America. At the age of fifteen, Friedman's father died. Despite this, he won a scholarship to both Rutgers University and the University of Chicago, where he achieved a Bachelor of the Arts degree in economics. The very next year he received an MA at Chicago Univ.... Part 2 of Paper
....d only be reached through non-intervention on behalf of the government. This policy is often known as laissez-faire (French for 'let things be') economics. The policy at the time was for the government to sharply increase or decrease money supply, to counteract inflation, in an attempt to attain a stable economy. Friedman argued however, that this intervention was destabilising, and that what was needed was a steady money flow to create a basic framework for the economy; the rest should be left .... |
| Number of words: 772 - Approximate pages: 3 |
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