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Milton Friedman's Impact On The Economy

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The economic philosopher I believe has the most positive effect on the United States economy today is Milton Friedman. He helped start the Chicago School of Economics, and he also agreed with other economic philosopher, Adam Smith, that markets should be mostly free, but have some parameters maintained by the government. He disagreed with John Maynard Keynes and believed that inflation could be avoided by controlling the money supply. Inflation is a general increase in prices. He was also in favor of floating exchange in rates for the international markets, a negative income tax, and school vouchers. Schools should have money vouchers so they can have money to buy new books, and new supplies for the teachers and student.

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