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.
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.
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.
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.
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.
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.