Milton+Friedman

[|licensed doctor]
 * [[image:http://www-news.uchicago.edu/releases/06/images/061116.friedman.jpg width="240" height="276"]] || Milton Friedman was born July 13, 1912. He was most well known for being an economist and a statician, but was also a professor at the University of Chicago. Milton was a recipient to many awards, including a Nobel peace prize in Economics. He wrote books, was featured in videos, and gave lectures, covering a wide range of topics.

Milton was an advocate for [|free market]. Free market, summed up in a sentence, is a market where the government doesn't intervene.

Friedman served as an advisor to president Richard Nixon, and was president of the[|American Economic Association(AEA)]in 1967. || When Milton Friedman resigned at the University of Chicage, he took a position as a senior research fellow at the [|Hoover Institutuion of Stanford]
 * Friedmanw as born in [|Brooklyn, New York], and is of Jewish faith. He graduated from [|Rutgers University], where he specialized in mathematics. Friedman was heavily influencedby two economics professors, Arthur F. Burns, and Homer Jones. Those two professors convinced him that modern economics could help end the Great Depression. They are perhaps to thank for all the public service he did, the most notable being his ideas about monetary inflation and his textbook, //Economics// || [[image:http://marketingbones.com/wp-content/uploads/2009/10/milton-friedman-inflation.jpg width="239" height="182"]] ||


 * Justice has a wide range of defintions. However, philosophically, the word justice is the concept of moral rights based on [|ethics], [|rationality], and [|law].

Milton Friedman was in large support of free market. In turn, Friedman was a liberal. His liberal views combined with his opinions on the free market produced many opinions that all surrounded equal opportunity. For example, Milton wanted to end the official mandating of [|licensed doctor], and making lawyers take the bar. This was to make it as fair and just as possible for all people to be treated with the fairness, and have [|equal employment opportunity]

Another concept that Friedman supported was [|educational vouchers]. Educational vouchers presented the opportunity for people who can't afford private school to attend it. The way it works is that the government will issue voucher certificates that go towards tution for a private school. This is so that everyone is presented with the best education possible.

Many of the ideas and concepts that were juts mentioned are more thoroughly covered in Friedman's book //[|Capitalism and Freedom],// which has sold more than half a million copies since it's original production date in 1962. || || The Concepts that are listed above represent Friedman's idea on [|desert], which is the condition of deserving something. Friedman held the belief that people are entitled to the basic things, such as education and job opportunities.

Friedman believed in free market. In other words, he believed that that the government should not be allowed to intervene when it comes to the economics of business, but only when it comes to the ownership of the business. In the free marke that Friedman supports, the government does not have the power to regulate how goods, services, and labor may be used, priced,or distributed. Free market relies completely on the mechanism of priavte ownership.

In other words, Friedman belives that the governemtn plays a neutral role in the legalisms and administrations of markets and businesses. The governemnt neither limits nor actively promotes economic activity. However, the government did have certain roles. Friedman endorsed the enforcement of property rights, and ajudication of contract disputes.

Friedman was firm in his belief that the government's most powerful and necesary role was to keep the monetary system working smoothly, by inforcing and acting out proper control of the money stock. He believed that sufficient liquidity(enough money)and proper control of it was required to avoid being placed in peril positions such as [|The Great Depression], or [|hyperinflation].


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