Words of wisdom from Milton Friedman

 

Milton Friedman, an American statistician and economist, was the 20th century's leading advocate of free markets. He received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. 

With George Stigler, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought that rejected Keynesianism in favor of monetarism, later shifting their focus to new classical macroeconomics. He believed that the free market, not the state, should determine the best way to achieve stability and prosperity.