Milton Friedman

BY: Megan Mendoza & Annette Flores

Education

- Rathway High School (1928) (15 yrs old)

- Rutgers University (1932) : Bachelor's in Mathematics

- University of Chicago (1933) : Master's in Economics

- Columbia University (1946) : Economy PhD

Work Experience

Monographs, book, T.V. programs, videos, and lectures. He covered a range of topic of macroeconomics and microeconomics, economic history and public policy issues.

Expertise

Quantity Theory of Money:

-Reviving interest in supply as determinant of nominal of input

Fame

- Received 1976 Nobel Memorial Prize in Economic Sciences for research on consumption analysis, monetary history and theory, and complexity of stabilization policy


- Said that there was a close and stale association between inflation and money supply


-Believed that inflation could be avoided with proper regulation of monetary base's growth rate


-Economic freedom make and spend one's income as one sees fit so long as one does not restrict one's freedom