At a time when many economists were urging governments and the public to embrace central planning, the Friedmans extolled the virtues of free enterprise, voluntary exchange, and open trade.
Today, we begin the series by featuring a brief look into the work of the dynamic husband-and-wife duo of Milton and Rose Friedman.įew other economists popularized the good news about market economies and bottom-up growth more than the Friedmans. For those of us living in market economies, we have much to be thankful for, including the work of a group of famous economists who have done much to shape our understanding of wealth creation and prosperity.įrom now until Christmas, we will look at the economic lessons of twelve of these economists, and examine how their ideas tie in to our holiday celebrations. The holidays are a time for people to gather with family and give thanks for the blessings of the past year.
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