He believes that free market forces, rather than increased government intervention, can most effectively produce a balanced and noninflationary rate of economic growth.
He believes that free market forces, rather than increased government intervention, can most effectively produce a balanced and noninflationary rate of economic growth. He is also a fierce exponent of the theory that if the Federal Reserve increases the supply of money at a fairly fixed rate, instead of its regular practice of sharply expanding or contracting it, economic stability is more easily attained. FTP, identify this American monetarist who won the 1976 Nobel Prize in Economics.
He believes that free market forces, rather than increased government intervention, can most effectively produce a balanced and noninflationary rate of economic growth.
Milton {Friedman}