When and where was Milton Friedman born?
Milton Friedman was born on the 31st of July 1912 in Brooklyn, New York City. His family moved to Rahway, New Jersey shortly after his birth.
Questions about Milton Friedman
Short answers, pulled from the story.
What did Milton Friedman co-author with Anna Schwartz in 1963?
Milton Friedman co-authored A Monetary History of the United States with Anna Schwartz in 1963. The book examined how changes in money supply caused major economic crises and claimed the Federal Reserve failed to maintain a stable money supply between 1929 and 1933.
Why did Milton Friedman receive the Nobel Memorial Prize in Economic Sciences in 1976?
Milton Friedman won the 1976 Nobel Memorial Prize in Economic Sciences for research on consumption analysis and monetary history. His appointment was controversial mainly due to his association with Augusto Pinochet.
How long did Milton Friedman teach at the University of Chicago before retiring?
Milton Friedman retired from the University of Chicago in 1977 after teaching there for 30 years. He then moved to San Francisco where he became a visiting scholar at the Federal Reserve Bank of San Francisco.
What specific policies did Milton Friedman advocate regarding education and military service?
Milton Friedman advocated for school vouchers and a negative income tax while also arguing for a volunteer military instead of the draft. In 1996, he founded the Friedman Foundation for Educational Choice to promote these ideas.