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Milton Friedman stated that " the severity of each of the major contractions — 1920-1, 1929-33 and 1937-8 is directly attributable to acts of commission and omission by the Reserve authorities " He further believes that the US got out of the Great Depression because of the " natural resiliency of the economy and WW2, and not due to any acts of government, which in general were " very destructive " and extended the Great Depression.
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Milton and Friedman
In 1969, economist Milton Friedman, after examining the history of business cycles in the U. S., concluded that " The Hayek-Mises explanation of the business cycle is contradicted by the evidence.
Likewise, Joseph E. Stiglitz, speaking not only on China but East Asia in general, comments " The countries that have managed globalization ... such as those in East Asia, have, by and large, ensured that they reaped huge benefits ..." According to The Heritage Foundation, development in China was anticipated by Milton Friedman, who predicted that even a small progress towards economic liberalization would produce dramatic and positive effects.
Economist Milton Friedman writes that corporate executives ' " responsibility ... generally will be to make as much money as possible while conforming to their basic rules of the society, both those embodied in law and those embodied in ethical custom ".< ref name = mf1970 >
This was later, in the 20th century, affirmed by economist Milton Friedman.
In the 1980s, Milton Friedman, the Nobel Prize-winning economist and father of Monetarism, contended that some of the concerns of trade deficits are unfair criticisms in an attempt to push macroeconomic policies favorable to exporting industries.
* Milton Friedman ( 1912 – 2006 )
In science and technology, Columbia alumni include: founder of IBM Herman Hollerith ; inventor of FM radio Edwin Armstrong ; inventor of the nuclear submarine Hyman Rickover ; founder of Google China Kai-Fu Lee ; scientists Stephen Jay Gould, Robert Millikan, Helium – neon laser inventor Ali Javan and Michael Pupin ; chief-engineer of the New York City subway William Barclay Parsons ; philosophers Irwin Edman and Robert Nozick ; and economist Milton Friedman
There was a revival of interest in classical liberalism in the 20th century led by Friedrich Hayek and Milton Friedman.
Monetarist economists such as Milton Friedman argue against the concept of cost-push inflation because increases in the cost of goods and services do not lead to inflation without the government and its central bank cooperating in increasing the money supply.
The 2007 print version of the Britannica has 4, 411 contributors, many eminent in their fields, such as Nobel Laureate economist Milton Friedman, astronomer Carl Sagan, and surgeon Michael DeBakey.
Conservative theorists such as Milton Friedman advocate school choice to promote excellence in education through competition.
Nobel Prize winning economist Milton Friedman argued for the modern concept of vouchers in the 1950s, stating that competition would improve schools and cost efficiency.
The Friedman Foundation for Educational Choice, founded by Milton and Rose Friedman in 1996, is a non-profit organization that promotes universal school vouchers and other forms of school choice.
Milton Friedman criticised the system, saying " I do not believe that CE Mr. Tsang's proposal is properly structured.
* Milton Friedman, " Public Schools: Make Them Private ," 1995
The free-market economist Milton Friedman supported equality-of-opportunity economic egalitarianism.
Many economists, following Milton Friedman, believe that the Federal Reserve inappropriately refused to lend money to small banks during the bank runs of 1929.
Free to Choose ( 1980 ) is a book ( ISBN 978-0-15-633460-0 ) and a ten-part television series broadcast on public television by economists Milton and Rose D. Friedman that advocates free market principles.
Milton Friedman won the Nobel Memorial Prize in Economics in 1976.
Category: Works by Milton Friedman
< p >— Milton Friedman * ( Hoover Institution )</ p >
He said, " We read Milton Friedman and F. A.
Milton Friedman declared himself " an enormous admirer of Hayek, but not for his economics.
The identification of the " free market " with " laissez faire " was notably used in the 1962 Capitalism and Freedom, by economist Milton Friedman, which is credited with popularizing this usage.
Milton and stated
During a debate on the legality on the 11 January 2012, UK Member of Parliament for Milton Keynes Mark Lancaster, Conservative, stated importation of Khat into the UK stands at 10 tonnes every week.
At the end of the scene Milton is arrested, and the Superintendent, who has been vomiting during the entire conversation ( it's stated that he ate a Crunchy Frog and implied that he tried some of the others ), faces the camera and warns the public to take more care when purchasing their sweeties.
As stated in the Heritage of Alexander County, published by the Alexander County Genealogical Society: A commission of William Dula of Caldwell Co., Dr. James Calloway of Wilkes, Co., Milton Campbell of Iredell Co., and Robert Allen, Reuben Watts and Robert L. Steel of Alexander County were named to select a site as near the center of the county as possible for the seat of justice.
Foreign policy analyst Milton Leitenberg stated: " All alleged post-1990 figures on infant and child mortality in Iraq are supplied by the Iraqi government agencies.
Knowles has stated that he modeled Finny on David Hackett from Milton Academy, whom he met when both attended a summer session at Phillips Exeter Academy.
" Perley Poore stated that McDuffie was a " spare, grim-looking man, who was an admirer of Milton, and who was never known to jest or smile.
Commenting on the vision of the technological singularity, a future time when people and machines would combine to form a new superintelligence, and at least a part of humanity might overcome biological limitations like death and disease, he has stated that " The Singularity is not the great vision for society that Lenin had or Milton Friedman might have.
Milton and severity
Others including Federal Reserve Chairman Ben Bernanke and Nobel Prize winning economist Milton Friedman place most or all of the blame for the severity of the Great Depression at the feet of the Federal Reserve, mostly due to the deliberate tightening of monetary policy.
Milton and each
The University administration is based at Walton Hall, Milton Keynes in Buckinghamshire, but has regional centres in each of its thirteen regions around the United Kingdom.
The Romantics, with the partial exception of Byron, rejected the poetic ideals of the 18th century, and each of them returned to Milton for inspiration, though each drew something different from Milton.
Kelly became close friends with fellow cartoonists Milton Caniff and Al Capp, and the three occasionally referred to each other in their strips.
Milton ’ s masque Comus was first performed in the Great Hall in 1634 and the tradition of a performance is continued each June and July when a Shakespearean play is performed in the open air within the Inner Bailey, as part of the successful Ludlow Festival.
In each instance, Milton is cited by the Court's members to support a broad and expansive protection of free speech and association.
Among Lai's heroes are Friedrich Hayek, John James Cowperthwaite and Milton Friedman, bronze busts of each stand in the entrance hall to Next Media.
The constitutional amendment will require two-thirds of each house and half of all voters in a statewide referendum to approve the re-creation of former counties ( Milton and Campbell ).
Buses run seven times an hour to Cambridge city centre and six times an hour to each of Milton and Addenbrooke's Hospital.
It lies on the River Great Ouse, very close to the borders with Bedfordshire and Northamptonshire and equidistant from Northampton, Bedford and Milton Keynes with easy access to the M1 at Junction 14 ( approximately seven miles ) and with fast train links to London from Milton Keynes Central or Bedford ( each approximately twelve miles distant ).
Additionally, he introduced and moderated the discussions in each episode of Milton Friedman's 1980 television series Free to Choose.
However, economist Milton Friedman pointed out that non-defense spending as a percentage of national income stabilized throughout Reagan's term, breaking a long upward trend ; the number of new regulations added each year dramatically decreased as well.
Numerous bus services each hour traverse Midsummer Boulevard, connecting the station to Midsummer Place and Central Milton Keynes Shopping Centre.
There is normally an hourly service in each direction from Cheddington: southbound to London Euston and northbound to Milton Keynes Central.
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