Milton Friedman's Role in National Debt

Milton Friedman Essay
Milton Friedman
Milton Friedman is known as one of the top economists in the world. He has a Ph. D. from Columbia University,
won a Noble Memorial Prize in economics and has also been awarded many honorary degrees by other
Universities in the
United States. As you can tell, Milton Friedman has played a significant part in helping to solve the economy
problems of the world. You've probably heard all about his accomplishments and awards he has received, but
what about how Milton
Friedman played a very important role in helping us get into a huge national debt? This paper will discuss how
Milton Friedman played a negative role in our economy. When the Great Depression hit worldwide, it was up to
the economists to explain it and to devise a ... Show more content on Helpwriting.net ...
In seven short years, under the Keynesian policy, the U.S. went from the greatest depression it has ever known
to the greatest economic boom it has ever known. The success of Keynesian economics was so astounding that
almost all capitalist governments around the world started using it. And the result was the extinction of the
economic depression! Before World War II, eight U.S. recessions worsened into depressions (1807, 1837, 1873,
1882, 1893, 1920, 1933, and 1937). Since World War II, under Keynesian policies, there have been nine
recessions (1945–46, 1949, 1954, 1956, 1960–61, 1970, 1973–75, 1980–83, 1990–92
), but not one has turned into a depression. The success of Keynesian economics was such that even Richard
Nixon once said, "We are all Keynesians now(Keynes,
289)."
Well, that was the theory the governments were using at the time to control the economy. Obviously there were
some people who objected against use of this theory. One of them was Milton Friedman.
He believed that the only function the government should be allowed is to control the circulation of cash.
Although he accepted Keynes' definition of recessions, he rejected the cure. He believed that the government
should butt out of the business of expanding or contracting the money supply. It should keep the money supply
steady, expanding it slightly each year only to allow for the growth of the economy and a few other
... Get more on HelpWriting.net ...

The World Is Flat by Thomas Friedman
The book, The World is Flat, by Thomas Friedman draws attention to some very good points concerning
globalization and the world economy today. Friedman emphasizes the status of America today in relation to the
other countries of the world. As I looked at the things in which he warned about or highlighted, I realized the
importance of this issue. He talks about a few aspects in which need to be kept competitive in order for America
to retain their current standing in the world market.
First of all, Friedman talks about the different levels of globalization. There are 3 different time periods in which
the society has differed and changed, bringing us to where we are today. Globalization 1.0, which took place
from 1492 to 1800, was the ... Show more content on Helpwriting.net ...
This is the area in which I think Friedman's theory is slightly flawed. He seems to say that there was almost no
sort of international communication, relation, or business before the discovery of the new world.
Following globalization 1.0 came 2.0. This was the time from 1800 to 2000. There were many advances in this
period that drastically changed the world in which we live today. Communication, transportation, and growing
trade markets influenced and brought us to multinational companies, which greatly shrunk the world down to yet
another smaller size.
Today, we are in the globalization 3.0 phase, in which communication (mostly through the Internet) and
transportation are at a level in which distance hardly poses any problem at all. Another very large issue in this
era is the concept of outsourcing. This is the idea that if an item can be produced more cheaply outside of the
company/region, it will be. The market will go to the cheapest source of production.
Many of the countries or cultures that have been transformed by the flattening of the world have been affected
because of their upper hand through education. We as Americans have gotten used to being elite over the years
due to our high economic standing and educational excellence, but in recent years, the educational agenda has
increased in other countries, while America's education has seemed to decline. This is an area in which we need
to

The World Is Flat, By Thomas L. Friedman
The World Is Flat is a visionary and insightful text written by Thomas L. Friedman. In short, the text brings
about the study of globalization at its forefront. Moreover, Friedman analyzes the evolution of business and
importance of information with respect not only to the 21st century, but with regards to the history of trade as we
know it. It is from this study and understanding that Friedman engages in a detailed thought process as to how
an institution, government, or individual can remain competitive in such a progressive environment. In
summary, through engaging in the fifteen chapters and recalling the historical events used as evidence, one may
arrive at more substantial conclusion as to how certain entities will remain ahead of ... Show more content on
Helpwriting.net ...
To explain with an example, Friedman gives the reader a story, stating "when I was growing up, my parents told
me, 'Finish your dinner. People in China and India are starving. ' I tell my daughters, 'Finish your homework.
People in India and China are starving for your job ' (270). Apparent in this personal example is the presence of
two critical arguments of the text. First and foremost, the quote draws a contrast between two generations and
highlights the fact that they are in some respects, exponentially different. Thus, Friedman is able to reinforce his
claims of how rapidly changing the world truly is. Secondly, he uses this example of drastic change occurring
from one generation to the next to reference on of the driving forces or catalysts. To clarify, the reference to
China and India's population as eager for a job opportunity indirectly reemphasizes the effects of the spread of
information as well as the strength of outsourcing. From this quote, the reader gathers that individuals outside of
their home state have the ability to do their job and will do so without ever having to step into their country.
Again, Friedman puts into context the vast contribution that the web and other information sharing technologies
have given the globe. Although there are more detailed explanations and relevant evidence, this quote serves as a
fairly strong summary of Friedman's arguments in the first half of the text. Whereas the first half of Friedman's
work aims to

Milton Friedman
Milton Friedman
Milton Friedman, like so many great life stories, was the subject of a very tough childhood. He was son to a
couple of poor immigrants, born on 31 July 1912, in New York, America. At the age of fifteen, Friedman's father
died. Despite this, he won a scholarship to both Rutgers University and the University of Chicago, where he
achieved a Bachelor of the Arts degree in economics. The very next year he received an MA at Chicago
University. He then worked for the National Bureau of Economic Research (from 1937) while teaching at many
universities, but it was only at Chicago in 1946 that he was given the title of 'professor of economics'. Thirty
years later, in 1976, he was awarded the Nobel Prize for economics, "for his ... Show more content on
Helpwriting.net ...
In recent years, however the government has been selling more and more of what were previously thought of as
services, such as public transport, prisons, and telecommunications to private investors. It appears that the
government is sending the economy into a Friedman (laissez–faire) style society, which is probably at the will of
those who already have great wealth and (and occasionally or) power (i.e. Jeff Kennett). The Government does
this, only because it brings in immediate short–term revenue. I do not believe however, that this will be an
overall gain for the economy in the long run.
I chose, after reading through a brief biographical description of each of the six economists and their different
theories, to conduct a study of Milton Friedman. I choose Friedman in particular because I thought it might be
interesting to study his extremely controversial views in greater detail, and it

Globalization The Super Story By Thomas Friedman Analysis
We are said to be living in a world with a transparent and yet to develop war. But how can anyone really see it
and understand it if no one is aware of how tragic events happen, who and how many people, countries and
nations are behind it and how it all connects to technology. At least, that is what Thomas L. Freidman writes
about in his article "Globalization: The Super–Story". Friedman's article was a very interesting read, especially
since it touches upon some pretty dense and forgotten subjects, such as global politics, technology and history.
When I read the title of this article I expected Friedman to discuss about global markets and the interaction of
nations yet I was amazed when he expanded on the supermarkets and how globalization ... Show more content
on Helpwriting.net ...
The definition is excellent in describing the system that is present today. Friedman pointed out that markets
around the globe become intertwined into one web of connectivity, where one company in North America can
easily interact and do business with an individual in Asia, and create profits. However, the inter–connectivity I
believe in has more to it. Going beyond what Friedman stated, I argue that the globalization of world markets
not only helps the existing large financial centers of the world, but also smaller, and often times, newer markets.
While I do not agree with the outsourcing of jobs, the factories moved to lower wage countries is a benefit to
people working, and living there. It offers employment, and a life to the workers that they would have never had
if the factories were never sent there. It helps the poorer nations in developing an economy, and become part of
the global market. Friedman said that Supermarkets can destroy nations (473), but its power could also aid the
poorer nations to grow and even maybe, join the global

Milton Friedman And John Keynes Are Two World Renowned
Milton Friedman and John Keynes are two world renowned economist, with many similar and contrasting views
that have helped set the foundation of our economy. Friedman 's ideology on subjects such as the Monetary
Policy, Gold Standard, and the Theory of the consumption function are what made him a extremely impactful
economist. Keynes has made his impact on the modern day world as well in many aspects. Both of these
economists have helped pave the way to a better, more efficient economy. Monetary Policy is the procedure by
which the financial expert of a nation, similar to the national bank or cash board, controls the supply of money.
Regularly focusing on a inflation rate or interest rate to guarantee value solidness and general trust in ... Show
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The expression "Keynesian economics" was utilized to allude to the idea that ideal monetary execution could be
accomplished and financial droops avoided by affecting total request through dissident adjustment and financial
mediation approaches by the administration. Keynesian financial matters is thought to be a "demand side"
hypothesis that spotlights on changes in the economy over the short run. Basically Keynesian economics are the
different theories about how in the short run, and particularly during the recessions, monetary output is strongly
impacted by total request (total spending in the economy). The Gold Standard was the framework by which the
value of cash was characterized in terms of gold, for which the money could be traded. The Gold Standard ended
up being deserted in the Depression of the 1930s. Friedman felt that,"The gold standard is not feasible because
the mythology and beliefs required to make it effective do not exist. This conclusion is supported not only by the
general historical evidence referred to but also by the specific experience of the United States" ( "The Gold
Standard:Please Stop").Economists who contradict the Gold Standard may perceive what must be accomplished
with a specific end goal to make a centrally controlled paper standard better than a decentralized Gold Standard.
Milton Friedman poses the key question: "How can we establish a monetary system that is stable, free from
irresponsible tinkering, and

The Machinery Of Freedom By David Friedman
In David Friedman's book, "The Machinery of Freedom", he argues for anarcho–capitalism, the theory that
believes the state should be abolished because it is unnecessary and a free–market should be put into place.
Usually, anarcho–capitalism is defended from one of two views, consequentialist or deontologist. Friedman
takes the consequentialist side believing that it is actually more desirable for the market to provide law and
protection than the state because it gives the people choice to choose what they believe and competition will
promote improvement. Deontologists, however, believe that any initiation of force is immoral, so they would
prefer a law banning the initiation of force rather than private protection agencies. Despite ... Show more content
A proponent to Friedman's view would support this because consumers have better information than voters do. It
has been seen election after election that politicians will tell the public what they want to hear in an effort to win,
but during their candidacy they will not fulfill their promises. In an anarcho–capitalist society, this wouldn't
happen because when people choose their protection agency they would be able to look at the company's records
of how they handle their other customers' emergencies. From this information they would be able to tell how
they would be treated because companies usually follow the same procedures for every customer. Politicians, on
the other hand, often have to face new problems so voters can only make an educated guess on what they will do
next. Also, it is often difficult to know how corrupt a politician really is behind–the–scenes. Therefore, the
people participate in rational ignorance because they know their vote alone won't change the result of the
election, so they don't bother to investigate deeply into each politician. Also, in an anarcho–capitalist society
everybody gets to choose which laws they follow by picking protection agencies and courts with beliefs that
align with the person (Bill). An opponent to anarcho–capitalism may respond

The Brilliance of Conservative Economist Milton Friedman...
Before the introduction of Keynesian economics and Milton Friedman's Monetarism theory, there was classical
economics. These economists believed in self–adjusting market mechanisms, however with that the market
needs perfect competition. Wages and prices in the market must be flexible. These economists believe that
supply and demand pulls would always help the economy reach full employment. Full employment could be
achieved by the market forces and with that changes the level of employment resulting in a fixed income and
aggregate output. They believed that fixed income was a result of full employment and the price level was
established by the supply of money in the economy. Since classical economist believed that it was the market
that ... Show more content on Helpwriting.net ...
The United States learned the hard way that the market was not self–adjusting enough to bring back full
employment on its own. In the early 1930's the unemployment levels were at an all time high of 24.9 percent.
(See figure 1) When the wages fell as they were assumed to do; the lower wages did not return the market back
to full employment levels. These major flaws in the past economic theories lead to the new ideas. Economist
John Keynes explained that classical economics stated that wages and prices are very flexible; when in actuality
they weren't as flexible as previously assumed. Keynes argued that the market is self–adjusting, however it has a
long time before it actually made its way back on the rise. "In the long run we are all dead" was quoted from
Keynes. Keynes believed that it was the aggregate demand for goods in the economy that determined the level
of employment and the level of output.
"The core requirement for an economic boom is demand because demand for products and services drives
producers to create more. This demand for products then creates demand for the workers in order to make these
products or services. Inversely, if there is no demand for certain products or services then there is no need for
extra hiring or to keep the same number of employees because the demand for the products wasn't enough to
cause a need for workers." (Roberts, 2010) Because of these factors, the market cannot ensure

The World Is Flat By Thomas L. Friedman
The World is Flat
Author Thomas L. Friedman analyses the technological advances that are creating a level economic playing field
with previously disadvantaged countries rising in knowledge and wealth rivaling that of the United States and
other world powers in the world. Telephone and computer technology, previously a stronghold only of
developed countries, is now easily accessible and has been accessed and mastered by countries such as China
and India, making these nations competitive. Friedman perceives the flattening effect as so insightful as to be
compared in scope to the Industrial Revolution.
Thomas Friedman mentions that world is growing flatter. When he says that world is flat, he means that world is
becoming more economically fair and levelling opportunities and wealth among all the nations. With easy access
to information and availability of opportunities irrespective of one's locations is providing for people from many
different countries with an equal chance to succeed economically.
He often mentions about the effect of outsourcing jobs form The United States to foreign countries. He analyzes
the effects from both sides perspective. While reallocating jobs from America to foreign countries improves that
country's economy and GDP, it consequently also increases the demand for American goods in that nation. In his
view this is a positive development which will refine itself continuously and continue to grow to a point when
the world economies become lateral that

Milton Friedman Vs. Monetarism
Milton Friedman and Monetarism
Tomas M. Kuhn
Robert Morris University
Milton Friedman and Monetarism
In politics, our nation is divided into many different parties. Each party has their own stance on how things
ought to be and what changes need to be made in order to have society function they way they'd like.
Macroeconomics also can be viewed as divided. Instead of being divided into parties, economists are separated
by different schools of thought. There's many schools of thought because macroeconomics is such a complex
matter. When there's problems in the economy answers can be found in a plethora of places, because there's so
many moving parts. These moving parts of the economy are what economists use to make sense of everything.
When people view some parts more important than others or find different solutions, different schools of thought
become apparent. One of these schools of thought come from the writings of economists Anna Schwartz, Karl
Brunner, Allan Meltzer, and most notably Milton Friedman. The school of thought became known as
Monetarism, which focused on the macroeconomic effect of a nation's money supply and its central banking
institution (Mccallum). We will be focusing on Friedman and the contributions he made to monetarism, which
includes his quantity theory of money.
Milton Friedman was the Professor of Economics at the University of Chicago for thirty years up until 1976. He
is credited for the formulation of the Monetarism school of

Milton Friedman Research Paper
Economy is determined by the worth and prosperity of the land. It is recognized all over the world by the
welfare of people, and is arguably, one of the most critical subjects a government can control. One person who
understands this better than anyone is Author and Nobel Prize winner Milton Friedman. He was born in
Brooklyn, New York on July 31st, 1912 to two lower class Jewish immigrants (Nobel). With his free market
approach to economy, he made influential arguments that inflation or government regulations could have caused
or worsened the Great Depression (Milton 2008). He also argued with Keynesian theorists that economic
success does not involve government intervention, but rather, it comes from the markets which can eventually
help the ... Show more content on Helpwriting.net ...
In his book, Capitalism and Freedom, he supported many different policies, one of which is most famously
recognized as the end of the military draft in 1970 (Nobel). Although he wasn't the sole contributor to
introducing the volunteer military system, he was a big influence when he was an advisor to President Nixon
(Bucci). Milton Friedman was very smart with his words and proved to be effective at arguing with a general
who was in favor of the draft. After a successful argument over whether having a military draft was effective or
not, Milton Friedman convinced the Secretary of Defense to be in favor of a volunteer military (Bucci).
According to an article about Milton Friedman and his contributions to the volunteer military system, he thought
that "The all–volunteer force is more representative of the American people than the draft ever was" (Bucci).
The popular decision from the people showed that most Americans were against the draft and this perspective
from Milton Friedman revealed that he cares about the welfare of the people despite his insensitive approach to
economy. Another important policy he mentions in the book was about monetarism and how the central bank
should regulate money. He believed that the government should be limited on how much they can influence the
money system because he believed that government inflation was the cause of

The World Is Flat: The Untouchables By Thomas L. Friedman
Thomas L. Friedman, who wrote the bestseller The World Is Flat: A Brief History of the Twenty–First Century,
explains the shift of the middle class in "The Untouchables," a section from his book. He writes about how the
world is becoming an even playing field, consequently, requiring individuals to be the best they can to succeed.
Friedman believes that becoming more competitive and well educated is the key to succeeding in this new
world. As the world becomes more interconnected, people need to have a strong mentality so that they can take
advantage of opportunities that arise. One must possess the proper knowledge to have access to the
opportunities. According to Friedman, if someone is not knowledgeable enough, someone else will be. This
makes the world an increasingly competitive place to live, and it requires people to globalize themselves.
Individuals are ... Show more content on Helpwriting.net ...
To be successful, one must make themselves irreplaceable. Friedman writes that people who excel in their field
are less likely to be outsourced or computerized. If a person in China works for less money and is more
qualified, he or she will receive the job. Also, simple jobs that machines can do are easily replaced. Friedman
recognizes and discusses three different kinds of occupations. The first and most secure type of jobs are those
that require special skills. People such as brain surgeons, professional athletes, and actors are all types of
specialization that Friedman considers irreplaceable. Individuals like them are those who have mastered their
skills and live a high class lifestyle and control global wages. Work that involves face–to–face interaction is also
safe from being replaced. Jobs in this category can involve people from all social statures. Some examples
include maids, lawyers, or landscapers. Friedman concludes that these types of jobs require location specific
knowledge; therefore, the local area controls the

Essay on Friedman vs Freeman
What is ethically responsible management? How can a corporation, given its economic mission, be managed
with appropriate attention to ethical concerns? These are central questions in the field of business ethics. There
are two approaches to answering such questions. The first one is Milton Friedman's shareholder theory of
management and the second one is Edwards Freeman's "Stakeholder" theory of management, two different
views about the purpose and aims of a business. Milton Friedman's shareholder theory of management says that
the purpose of a business is to make money for the owner or the stockholders of the business. Friedman says that
there is only one social responsibility for the business: to use its resources in order to increase ... Show more
content on Helpwriting.net ...
It says that you cannot look at any one of those stakes / stakeholders in isolation. Their interest has to go
together, and a job of a manager or an entrepreneur is to figure out how the interest of customers, suppliers,
communities, employees and financiers go in the same direction. Each of these groups is important for the
business to be successful and if one of the groups is having problems to associate with the rest then it has a
negative impact to all the rest.
In my opinion I believe that both theories have their own advantages and disadvantages and every business has
to follow a theory that complies with its goal, when in my case I would rather follow the theory of Freeman in
one extend. Friedman's position we can see it as a theory for short term investment and businesses, while
Freeman's theory targets businesses that are planning to stay for a longer term. Also I believe that Friedman's
theory affects society in an inefficient way when costs are not really paid, as for example pollution, traffic
congestion, no taxes, and poorly educated workforce. Another problem with Friedman's position is that it
assumes that forces of competition are sufficiently vigorous, but they are not. In addition the distribution of
income that results from profit maximization is very

Generation Q Friedman
Abdyrakhmanov1
Azat Abdyrakhmanov
Comparative Analysis Paper
Patricia Silvestro
Date due: 04/07/11
Many people believe that previous generation of Americans was completely different than the generation that
lives now days. Ideology and interests have completely changed. For instance, we all know that previous
generation cared a lot for peace in the world, human rights and equality of mankind. Martin Luther King, John.
F. Kennedy and Malcolm X are people who fought for equality among people and most famous representatives
of Generation X. But compared to the previous generation, my generation is completely different, and many
people are having a debate whether it's good or bad. Thomas Friedman in his essay "Generation Q" ... Show
It's for all these reasons why the author calls them "Generation Q" – the Quite Americans. Moreover, Friedman
tries to analyze and understand why current generation is so quiet and why they are quietly pursuing their
idealism. In his opinion, more and more people of Generation Q spend time online, hiding behind computer
screens and trying not to be social. There are no big and old crusades like back in days. Instead of going to
Washington D.C. and be against the Iraq war, the generation Q writes comments in Internet, as a result, spends
more and more time online. The writer believes that generation Q must be doing itself a favor, and America a
favor, if it demanded answers and results from candidates to many issues the "Greediest Generation" is leaving
them, specifically, huge budget deficit, climate change and Social Security reform. And the author concludes the
essay by saying that Generation Q does not have enough courage to handle all those problems the previous
generation is leaving them. A week after the release of "Generation Q", Rob Fishman, Cornell University
graduate, shares his opinion on Generation Q. In his essay, "Generation of Generation Q" Fishman underlines
the fact that our generation is complacent and there are excuses for it (73). Technology had had a distinctively
effect by encouraging us to look inward. In sports, for example, technology had had

Milton Friedman in his long and distinguished career made...
Milton Friedman in his long and distinguished career made significant contribution, in the economic analysis,
including methods, key areas of money, consumption, economic policy, the inflation rate and the unemployment
rate, and the exchange rate policy debate.
In essays in positive economics, Friedman used instead of assuming as experimental economics field made a
powerful case. In fact, what he called "if the assumption is crucial for the understanding of his amount of
empirical work, especially in the monetary area. An empirical study of the first major Freedman was conduct at
the University of Chicago and the National Bureau of economic research USA monetary and banking workers.
This end, in three main publications: monetary history ... Show more content on Helpwriting.net ...
He thinks, the lag mainly influence and challenge has been unstable should be simplified monetary policy to
supply to achieve steady growth.
In the last century 70's, during the debate regarding economic industry, Freedman who is a simple proof of the
hypothesis of the trade–off between inflation and unemployment is only a temporary phenomenon, the first. In
addition, he believes that, in the long run, there is no such trade–off. Friedman correlation analysis on inflation
and unemployment is his pioneering work in international economics. In a 1950 paper, Freedman is an advocate
of free–floating exchange rate. This article written in a Bretton Woods Agreement, and the subsequent creation
of the International Monetary Fund and its fixed exchange rate, the World Bank, is the prevailing wisdom.
Freedman's analysis of how to exercise, a flexible exchange rate will improve the balance of payments is a
pioneering adjust the real. He critically tears parameters, a flexible exchange rate would encourage instability
and his position is about 20 years later, when the world moved to a flexible exchange rate system.
Friedman's work on consumption economy analysis is another example of the development of his contributions.
He enlarged and absolute income hypothesis of perfect, create a hypothesis on the theory, permanent income
consumption is not income, is the key determinant in evaluating the total consumption expenditure. He detailed
work, a theory of the consumption

Friedman Assessment
Friedman Family Assessment William Harrison NUR/405 July 16, 2012 Kimberly Hall Friedman Family
Assessment Identifying Data The Family name is Costa They reside in Apple Valley CA. The family consists of
the mother and two children. The mother is forty–five years old, the son is 20, and the daughter is 18. The family
is polygamous All members of the family identify as White The mother and daughter attend a non–
denominational church on a regular basis. The son does not identify with any religion. However, he states that he
does believe in God. The family is living is living at the poverty level. The mother is working full–time but only
making slightly more than minimum wage. ... Show more content on Helpwriting.net ...
She is grieving in anticipation to her children leaving the house. The children remain close with their father and
his side of the family. They interact with his parents on a regular basis. Both children appear to have healthy
friendships with people there own age. Family Structure Communication Patterns The mother and son have very
limited communication. They express feeling through playing around instead of verbally. Their communication
is very shallow. There rarely discuss anything of much value. The son tends to talk about issues more with his
father. The mother and daughter have a very open line of communication. They talk throughout the day via text
messages and talk in person during the evening. The mother tends to be over protective of the daughter and
realizes this. This is one of the reasons she gives for joining CODA. The son does not express his feelings to his
mother. According to the mother he has always had difficulty expressing feelings. The family experiences
dysfunctional communication in that, they try to live as roommates rather than mother and children. The home
structure allows for communication that is more in line with friends. Communication does appear to open
between family members. The children will, when confronted, openly discuss issues of concern with mother.
Power Structure The mother makes the financial decisions within the

National Medal Of Science: Milton Friedman
Milton Friedman, Wikipedia). Also, Professor Friedman was awarded the Presidential Medal of Freedom in
1988 and received the National Medal of Science the same year. One of Milton Friedman's first great
contributions in the economics world was his Theory of the Consumption Function in 1957. "This theory
championed the idea that a person's consumption and savings decisions are more greatly impacted by permanent
changes to income rather than changes to income that are perceived as ephemeral" (Who was Milton Friedman,
Investopedia). Instead, Friedman presented that people's annual consumption is a function of their permanent
income, a term he announced as a measure of the average income people expect over a few years. While
Friedman was a Professor,

Thank You For Being Late By Thomas L. Friedman
Technology plays a major role in our everyday life, and has caused numerous advantages, and disadvantages that
have reshaped the world and the methods we use. Thomas L. Friedman, a New York Times author and three–
time Pulitzer winner, combined his studies, travels, and many interviews with high and low placed movers, to
create this book, Thank you for being late. He explains technology and humans' involvement with it, or as he
explicitly describes it "The three largest forces on the planet–technology, globalization, and climate change–are
all accelerating at once." Addressing and expanding into the technology section in his book can better help us
understand Moore's law and artificial intelligence within society, the role of technology with ... Show more
The impact of these resources we have available are inevitable, since they are all around us, and every day
society gets more updated. Thank you for being late, gave me a better understanding of digital technology and
its effect on society. Artificial Intelligence has come a long way since it started, and will keep prospering as the
digital age keeps innovating. Which relates to Moore's Law regarding how the speed of rate for computer
processing will double every two years, and how I can apply it to my personal life. Programs, and the digital age
will continue to develop, and modernize which is why I have to adapt to my surroundings as best as I can. As
well as use the tools and resources the digital age have given me in order to be successful in my future career. I
have to keep up to date with the new software, and opportunities that technology brings, because even if you do
not make use of them, they will not stop evolving. As Friedman concludes in the book, times change faster than
we realize, and that is why we as individuals and nations have to adapt by being innovative, open to change, and
taking a moment to shut out the rest of the world, and acknowledging our surroundings and giving value to it. I
would recommend this book to any of my friends, and to anyone in my generation since it is a book that
addresses the present and all of the digital changes that we as a society have been going through, Specifically,
the next generation, as Friedman states is the generation that is: "going to be asked to dance in a hurricane"
(Friedman). In conclusion, it is an eye opening and insightful guide towards technology and the effect it is
bringing to us, with a silver lining in the end of how we can actually overcome it, and how we can strive in the
society and era we live

Essay The Economic Theories of Milton Friedman
The Economic Theories of Milton Friedman
Milton Friedman, like so many great life stories, was the product of a very tough childhood. He was son to a
couple of poor immigrants, born on 31 July 1912, in New York, America. At the age of fifteen, Friedman's father
died. Despite this, he won a scholarship to both Rutgers University and the University of Chicago, where he
achieved a Bachelor of the Arts degree in economics. The very next year he received an MA at Chicago
University. He then worked for the National Bureau of Economic Research (from 1937) while teaching at many
universities, but it was only at Chicago in 1946 that he was given the title of 'professor of economics'. Thirty
years later, in 1976, he was awarded the Nobel Prize ... Show more content on Helpwriting.net ...
Friedman argued however, that this intervention was destabilising, and that what was needed was a steady
money flow to create a basic framework for the economy; the rest should be left up to individual competition.
This school of thought goes along the lines of 'It is in the best interest of the producer to satisfy the consumers'
wishes. By doing this, they are also acting in their own interest, therefore competition is working to the benefit
of the whole economy.' In order for this competition to be present, there needs to be freedom of the individual.
He boldly stated that this can only be created by minimal government regulation of the economy, which allows
power to be concentrated and wielded by only a few individuals, rather than dispersed. After all, competition can
only be present between companies that are on equal grounds in relation to the amount of power behind each.
The controversy surrounding Friedman's views is that he promotes complete private ownership of nearly
everything. He particularly supported private schools and thought that the government should subsidise fees for
any school chosen by the parents, rather than providing government owned schools. He strongly promotes a flat
rate for personal income tax and the abolition of company taxation. He promises that this would create a society
in which everyone is given an equal opportunity in the business world. I disagree with

Milton Friedman 's The Second Treatise Of Civil Government
Societies are constantly evolving and reinventing themselves in order to keep up with the demands of the
governed. Contesting ideas about what would improve a given society versus harm it often clash and lead to new
debates, expanding the realm of issues that must be addressed. Therefore, what constitutes a good society is
largely a moral question; for example, while some may value income equality as being one of the hallmarks of a
fair and just society, others may view competition as a necessary means to drive up productivity and make sure
the most capable individuals have the greatest chance at success. However, certain essential values, including the
ability for people to oppose the government, the presence of order, or the ability for ... Show more content on
Helpwriting.net ...
Locke goes on to clarify that opposition of the government must be a group effort by asserting that, "...it is as
impossible for a few oppressed men to disturb the government when the body of the people don't think
themselves concerned in it as it is for a raving madman or headstrong malcontent to overturn a well settled state;
the people being no more inclined to follow the oppressed few into a fight than to follow the solitary madman"
(page 68). In this colorful hypothetical situation, Locke is drawing the conclusion that in order for any kind of
restructuring or resistance of the government to be successful, action must be a group effort on behalf of the
citizens. The lone wolf critics alone simply do not have enough power or influence to incite wide–scale change,
but if the majority of the populace is dissatisfied, then modifications of the current system could be possible.
Milton Friedman, in his 1962 book, Capitalism and Freedom, expresses similar ideas to those summarized in
Locke's Second Treatise on Civil Government, although in a slightly different frame. Friedman offers the ability
to mobilize reform in capitalist societies as a benefit over socialist societies, but in a sense he echoes the same
idea that the ability to oppose or amend the government is a hallmark of a good society. He explains that, "...no
society could be stable if

Criticism Of Milton Friedman
Throughout the nineteenth century many economists have had a great amount of influence on domestic and
international policies with the United States (US). With events like the Great Depression, the Post–War Boom,
the "stagnant seventies," and Reaganomic Era, a variety of economists have been able to take part in economic
movements and policies. One of the most popular economists was Milton Friedman, who argued in favor of
monetarist economics and stabilized policies.
Despite his success and popularity, Milton Friedman originated from humble beginnings. He was born in New
York City, New York to a family of six. His parents, Sarah and Jeno Friedman, emigrated from the former
empire of Austria–Hungary and had unstable jobs. Although the family was able to support itself, Milton had
very little funds for further education. Despite this, Friedman was able to collect a scholarships for Rutgers
University. He originally attended Rutgers University for actuarial science, but eventually switched to
economics. In addition, Friedman continued to the University of Chicago and Columbia University for his
graduate and doctoral degrees. After finishing his education, Milton Friedman became especially popular for his
literary works during the later 1950s through the 1970. In the 1980s and 1990s, he became an economic advisor
to Ronald Reagan and Margaret Thatcher, two prominent conservative leaders.
Although Friedman is well known for his publications about factors of the

Free to Choose by Milton Friedman
Freedom and Politics POL 599 Free to Choose (pgs. 129–310) How do you decide what is and isn't fair? Many
countries have policies based on equality of opportunity. These are policies that result in a transfer of wealth
from the rich to the poor. In spite of this, these policies do not result in greater equality. Nations of the world are
characterized by a disparity between the rich and the poor. The prevailing myth is that this disparity results from
capitalism and the use of free markets. The facts are that the disparity is greater in societies that don't use free
markets. Soviet Russia had two distinct classes. The upper class was comprised of the bureaucrats and the rest of
population constituted the lower class. This disparity also exists in China. This is another way of saying that
there is no middle class. Brazil is another country with a very marked disparity between the rich and the poor.
Societies cannot have equality as a higher priority than freedom. Education in the United States is now
declining. Although our universities are top notch, our lower education public schools are struggling more than
ever to compete with the international schooling system. Some propose a voucher plan that would allow certain
parents a small choice in the school their children are able to attend. This voucher would be used for tuition
along with other costs at a school the parent chooses, but public schools would charge tuition and remain
competitive with other schools to

Milton Friedman
Milton Friedman
Michelle Meyer
MBA604
November 6, 2016
Ron Myszkowski
Milton Friedman
In his paper, The Social Responsibilities of Business is to Increase its Profits (Friedman, 1970), Milton Friedman
discusses social responsibility and what he feels it means in the business arena. He goes on to say "A corporation
is an artificial person" (Friedman, 1970) and since this is not a real person, cannot have any responsibilities.
While a corporation or business has a leader or board of directors, Friedman states these individuals cannot
make decisions on social responsibility without eating into the profits of the company, the employee's wages, or
even the price that the customer has to pay for the item.
Upon my first review of Friedman's article, I thought he was throwing everything about a good company out the
window. After reading it a second time, and realizing it was written in 1970, I believe he was stating the first
responsibility of a company is to make a profit. Why else would you be in business? You cannot make money if
you give your goods away for free! I believe this is the foundation of any business, to make a ... Show more
So the next step in the business should be the legal responsibilities. In his article, Friedman states there are
"constitutional, parliamentary and judicial provisions" that can impact a business. Think about climate control
and greenhouse gases. "Standards for automobile fuel economy were established under the Energy Policy and
Conservation Act (EPCA) of 1975, and have subsequently been increased and expanded to include most light
trucks." ("Federal Actions: Federal Programs Directory – DOT Transportation and Climate Change
Clearinghouse," 2016) Automobile manufacturers need to follow the laws on emissions when building new
vehicles. Whether they choose to follow the law becomes an ethical issue which I believe is another step in their

Milton Friedman
Summary of Milton Friedman Milton Friedman is one of the most well known Economists of all time. Born on
July 31st, 1912, in New York City, Mr. Friedman grew up in Rahway, New Jersey. His family owned a dry–
goods store, and he grew up poor. Throughout school, Mr. Friedman excelled in mathematics. In 1932, during
the heart of the Great Depression, Mr. Friedman graduated with a degree in mathematics from Rutgers
University, being the first of his family to graduate from college. While wanting to continue his career in math,
the Great Depression caused him to pursue a master's in Economics instead at the University of Chicago. Only
taking one year to receive his masters, Mr. Friedman then went on to Columbia university where he continued
his

Milton Friedman Essay
Milton Friedman
Milton Friedman has been credited with many different achievements, including being one of the most effective
advocates of economic freedoms and free enterprise, being the greatest economist to ever walk the face of the
earth, and proving every single word that Lord Maynard Keynes ever said to be wrong. Why these may or may
not all be true, it is obvious that Friedman was a brilliant man of many accomplishments.
Milton Friedman was born on July 15th, 1912 in New York City. His parents were poor immigrants and his
father died when he was a senior in high school. Despite all of these obstacles he had to overcome, Friedman
received a scholarship to Rutgers University and got his B.A., an M.A. in 1933 from the ... Show more content
He is a past president of the American Economic Association, the Western Economic Association, and the Mont
Pelerin Society and is a member of the American Philosophical Society and the National Academy of Sciences.
Friedman was awarded with many honorary degrees by universities in the United States, Japan, Israel, and
Guatemala, as well as the Grand Cordon of the First Class Order of the Sacred Treasure by the Japanese
government in 1986. He is known as the leader of the Chicago School of monetary economics.
Milton Friedman is the author of many books and two public television series that he did with his wife Rose:
Free to Choose(1980) and Tyranny of the Status Quo(1984). His most important books include Free to Choose
and Tyranny of the Status Quo( both of which compliment the TV series), Capitalism and Freedom(1962 with
Rose D. Friedman); and Bright Promises, Dismal Performance (1983), which consists mostly of reprints of tri–
weekly columns that he wrote for Newsweek from 1966 to 1983. Also, A Theory of the Consumption
Function(1957) and A Monetary History of the U.S.(1963 with A.J. Schwartz).
Milton Friedman has a primary belief in the tenet of limited government. He describes himself as classic
liberalism. Today's liberalism views are very opposite to Friedman's, and therefore he is often considered a
Republican Libertarian, as

Milton Friedman
In this essay I evaluate Milton Friedman's essay: "The Social Responsibility of Business Is to Increase Its
Profits" in 1970, on the Social Responsibility of a business and his theory, which is called the "Efficiency
Perspective". In every article and book that I have read about social responsibility, Friedman's "Efficiency
Perspective is placed centrally. During my research I found that Friedman is often criticized for being too
classical. Friedman believes that manager's foremost objective or even moral obligation to the firm should be to
maximize profits always. There is however one condition that makes his perspective more complicated, not only
for me, but also for several well–known authors. According to Friedman, the managers' ... Show more content on
Helpwriting.net ...
It can argue that both Friedman's thesis and the current practice of CSR lead to a lack of professionalism.
Imagine we ask the question: what makes a good shoemaker? For Friedman, it is making plenty of money. For
the CSR zealot, it is spending Saturday afternoon volunteering in the local animal shelter. Yet common sense
tells us that neither is true, that the good shoemaker is the one who makes good shoes at affordable prices,
because shoes are something that everyone in the community needs.
Medieval philosophers – unlike early Christian writers who generally took a dim view of mercantile trade –
appreciated that merchants perform a useful social function, not by maximizing the profits of their shareholders,
but by relocating goods from areas of abundance to areas of scarcity, contributing to a more equitable
distribution of the earth's resources and to the satisfaction of legitimate wants. The function of a business –
mercantile or otherwise – is not, according to this reading, to maximize private profit by making as much money
as possible, but to maximize the common good by making goods and services available to those who are in need
of them. True corporate social responsibility is not an 'extra–curricular' activity, but the practice of the virtues
proper to a particular occupation and the will to act in accordance with the truth that the purpose of one's
profession is to fulfill as perfectly as possible some definite function within the community.

Analysis Of ' Friedman 's ' Capitalism And Freedom '
Econ 160 Term Paper Part 1 As Milton Friedman once said, "Freedom is a rare and delicate plant. Our minds tell
us and history confirms that the great threat to freedom is the concentration of power. Government is necessary
to preserve our freedom, it is an instrument through which we can exercise our freedom; yet by concentrating
power and political hands, it is also a threat to freedom." Friedman's "Capitalism and Freedom" takes us into the
mind of an economic genius and shows us his beliefs in a free market and the threat it presents to a dictatorship.
Friedman, clearly a supporter of the free market, gives examples to show how a free market can aid a society in
striving for success, becoming more dominant, and becoming more powerful. Though, at times he does show
how a free market has disadvantages and he makes us aware as to how it can aid people in gaining
individualism, knowledge, and overall improving a society. A free market is one that the price of a good or
service is determined by supply and demand, in theory, rather than by government regulation. Milton's thoughts
and theory is that through a robust free market with political freedom, economic freedom will follow. Showing
how economic freedom is a crucial toward the success of political freedom, Friedman's theory of a free market
and the Do Nothing Principle are major themes throughout his book. A dictatorship is a form of government
ruled by a single party or a single party of dictators. In this form of

Capturing the Friedmans Essay
Steward 1
Melissa Steward
Research Essay
English 367.01
12/8/04
Capturing the Friedmans
"Home movies are about innocence––our lost fuzzy, glowing personal pasts, all horseplay, and funny hats and
the promise of youth" (Cooper, 23). Andrew Jarecki's remarkable film, Capturing the Friedmans captured just
what is clearly a case study of extreme family dysfunction through such home videos. At first Andrew Jarecki
just wanted to do a nice little documentary about clowns. He decided to try film making and thought he would
cut his teeth on something easy like birthday party clowns. He had met David Friedman a top childrens birthday
party clown from Manhattan, New York. Much to his surprise David ... Show more content on Helpwriting.net
...
It was also in this search that the inspectors began to have suspicions that the crimes could have involved local
children who came to the room for music lessons and computer classes. Jarecki successfully emphasizes the
situation leading up to Arnold's arrest that he gives the audience such imagery of what was in Arnold's house that
we start to believe that he is guilty of sex crimes. "With notable skill, Jarecki and his editor Richard Hankin,
have interwoven the family movies with interviews of the Friedmans, relevant police officials, postal inspectors,
some lawyers, and specialists of several kinds" (Kauffmann, 25). Jarecki uses editing for persuasion. As the film
begins and starts to get going we are exposed to numerous interviews that both support and oppose Arnold and
Jesse. Jarecki favorably edits opposing points of view together in order to emphasize the complexity and moral
underpinnings of the case. For example the shots when Arnold and Jesse are arrested, during those scenes we see
and hear from their lawyer Peter. From there we see views of their trial and views of the lawyer. Andrew Jarecki
also keeps the issue of guilt and innocence darkened with the use of editing. As in the part of the film David
talks about how his

The Milton Friedman Rule
OTHER SIGNIFICANT ACHIEVEMENT OR CONTRIBUTION IN ECONOMICS FIELD
Other significant contribution or achievement of Milton Friedman in economy field is in economics scholarly.
He had introduced a few of rule, function and hypothesis such as Friedman Rule, Friedman's K–percent Rule,
saving utility function and permanent– income hypothesis.
Friedman Rule
Friedman Rule was proposed by Milton Friedman in 1969. This rule is about monetary policy. "Money" is
anything that generally accepted as payment for goods and service, but it is costless to provide. So, money is
valuable for consumers and businesses (Rognlie,2011).
Friedman rule suggests setting the nominal interest rate at zero. This is due to the logic of opportunity cost of
holding money by private sector which is nominal interest rate should equal to the social marginal cost which is
creating additional fiat of money. This means marginal cost of producing additional fiat of money is zero. Thus,
nominal interest rate practically is zero.
Well, the real interest rate always is positive and this means we have a long–term deflation. This also implies
that central bank should make the rate of deflation same to rate of real interest. As the rate of deflation equal to
the real rate of interest, people who hold the money would not loss in value of money when inflation happened.
Friedman's K–percent Rule
Friedman's k–percent rule is proposed by Milton Friedman after Friedman's rule. This rule is the way to control
long–term

Milton Friedman 's Advocacy Of Free Market Capitalism
Milton Friedman's Advocacy of Free Market Capitalism
Team Members:
Donaldson, Michael
Karambelkar, Tanvi
Kote, Anand
Mantrawadi, Sushant
Sawant, Preeti
Shinde, Nikhil Table of Contents
Executive Summary 3
Historical Information on Milton Friedman 4
Impact of Cultural Impact with US Based Companies 6
References 8
Appendix.....................................................................................................................................................................9
Executive Summary
This article is about a teacher and writer turned economist Milton Friedman. He advocated free market
capitalism as part of his economic theory. His positive economics methodology and simple models made it very
easy for the prediction of economic happenings in the future. His libertarian philosophy and his proposals got
him in to many controversies, but also much recognition. He served as a professor for over 30 years and due to
his efforts in his field and enhancing the utility of each individual, he has been rewarded handsomely.
Much his work looked like he was the opponent of the Keynesian function. However, they both had very similar
same view with a different approach. Friedman's view affected many US corporations and the economy of the
US and his ideals resonate with the way in which the market is right now. His views were for the completely free
market where there was no government, other authorities or price setting monopolies influencing the market and
its growth. He also viewed the economy in the long term instead of in the short term as Keynesian

Friedman And Globalization
What is Globalization of the local? In this chapter, the way of looking at globalization is that is contrast the
traditional view of Americanization. The phase of globalization began to get exposure when the fall of the Berlin
Wall there was a justification around the world that globalization means "Americanization". Globalization is
known to have haven an American look, an American face and an American taste. The American clothing
designers and American–fast food chains was the best advantage if the fallings walls in the flattering of the
world Friedman states, that there was concern that globalization was really "Americanization" in the form of
American cultural imperialism. The reason behind this statement is because many of American cultural products
such as, (music, films, restaurants, etc.) ... Show more content on Helpwriting.net ...
Friedman also believes that while the flat world platform had the potential to homogenize cultures, it has a
greater potential to foster diversity to a greater degree than has ever happened before. The primary reason for
Freidman statement is that "uploading" made it possible for the globalization of the local, it allowed anyone with
the access of a computer and the Internet to put information on the web. Uploading allowed the people to create
and upload their own content, which included music, videos, photos, software, dictionaries, which created in
enhancement to the cultural world. The flat–world platform actually enable you to access your local culture and
upload to the world. With the term uploading you can just about upload on the internet if you like. For example,
you can write your on song, create podcast in any language and post it on a podcast site. This allows different
cultures to explore different things as they

The Milton Friedman
The Milton Friedman paper strongly supports my views on "what is economics", and the importance of science
in acquiring and presenting economic knowledge.
Those with the ability to create well supported and well reasoned opinions are those who will succeed in most
debates, against the often loud and rude unsupported comments found during some debates. The loud and rude
arguments with possible half truths have recently appeared to amuse and entertain. If mis–information is
repeated, the truths become less–believable by many less informed or the ignorant. Example Many believe
Obama signed the economic stimulus bill, the truth is, the signing of this bill was one of George Bush's official
acts before leaving office.
In addition, today is the ... Show more content on Helpwriting.net ...
Many economist write and speak like economist. The Milton Friedman paper I feel was written for economist,
while the text by Frank appears better suited for the Economic student who is just beginning the process of
learning economics. Chapters #1 and 2 in the text provide the economic knowledge that students including
myself will use to create well formed opinions, and possible one–liners needed today to win over the masses in
visible debates like casinos.
In today's networked economy, those economist who can sell their research to the masses, can create great
volatility and influence in our financial markets. The internet and transparency of the Federal Reserve Chairman
Bernanke are a very good example of the power of the media and words spoken today in economics. During the
2008 recession every word from Bernanke, was news. Reaction to interests rate adjustments could be observed
in the stock market on the anticipation on what Bernanke might say. Bernanke used Friedman's theory regarding
Monetary policy, to progress the US economy out of the

Milton Friedman 's Philosophy, Consumption Analysis, And...
Milton Friedman was a respected economist that posited numerous new ideologies within the economic realm
during the 20th century. In 1976, Friedman was awarded the Nobel Memorial Prize in Economic Sciences for
his examination of monetary history and philosophy, consumption analysis, and the theory of stabilization
policy. Another theme Friedman is generally known for is his position with respect to the responsibilities of
corporations. He had expressed that "few trends could so thoroughly undermine the very foundations of our free
society as the acceptance by corporate officials of a social responsibility other than to make as much money for
their stockholders as possible" (Chandler and Werther Jr., 2014, p. xxxii). By this, Friedman is saying that
maximization of property for the sake of shareholder return jeopardizes and subverts the possibility of
corporations acting ethically and socially responsibly. He does not trust that their fundamental center inside their
operations ought to be focused on the part of corporate social obligation. Not at all like individuals, Friedman
trusts that an organization cannot have an obligation. They have one obligation and that is to make a profit
(Friedman, 2013). No we will look at the different balances, counterbalances, and threats to social corporate
responsibility. These elements, based off their motivation, can be ordered into two or three distinct gatherings,
which are revenue driven associations, not–for–profits, and governments.

Economist: Milton Friedman And John Maynard Keynes
Economist, Milton Friedman and John Maynard Keynes disagree on many of the economic policies and theories
created by each individual. Each financial analyst has their own opinion when it comes to the Theory of the
Consumption Function, monetary policy, and the free market. Friedman, a capitalist economist lays out of the
benefits and importance of spending and earning money. While Keynes, a man who has more of a socialist view,
finds many of Friedman's theories ineffective. The Theory of the Consumption Function, was written by Milton
Friedman, in 1957. In this piece he speaks on the topic of spending decisions. Friedman believed that individuals
will base their spending arrangements on future income, Friedman called this "permanent income."

Milton And Friedman
To begin with, in regards to how Milton and Rose Friedman view the relationship between equality and
freedom, the following quote from the excerpt of Free to Choose struck me as the most powerful: "A society that
puts equality...ahead of freedom will end up with neither equality nor freedom. The use of force to achieve
equality will destroy freedom... On the other hand, a society that puts freedom first will, as a happy by–product,
end up with both greater freedom and greater equality" (Sandel, 59). Therefore, the Friedmans place a higher
value on freedom and believe that equality will follow if freedom is first enacted. I agree that to an extent
freedom should be above equality. Without freedom of choice and freedom to use one's resources how ... Show
From Robert Nozick's Anarchy, State and Utopia, it appears that one of the guiding principles in each person's
liberty is the entitlement theory and how each person obtains their goods. When considering redistribution,
Nozick claims, "From the point of view of an entitlement theory, redistribution is a serious matter indeed,
involving, as it does, the violation of people's rights" (Sandel, 68). Thus, Nozick believes that redistribution acts
contrary to each person's rights to their own goods. Drawing from the ideas of Locke, "Anyone is entitled to own
a thing whose value he has created" (Sandel, 72). Therefore, pooling these ideas together, personal liberties are
valued so highly because when someone obtains something justly and created value in it, he or she deserves to
reap the benefits. I am not sure that personal liberties should take absolute primacy over everything, but they
definitely deserve a good amount of attention. My hesitation is that if everyone only has concern for their own
personal liberties, that could interfere with other's personal liberties. I think the freedoms of the broader society
should also play a strong role in determining equality and liberties for

Milton Friedman
The American economist, Milton Friedman supported the free markets in short of government guideline
influence, inevitable that most of the government will privatize most of its state corporations. Global Public
Square (2011). The management when brought before the house committee, they confessed that the government
did not interfere with the running of the corporation. The Ethical Structure that could have assisted the
corporation remained in the influences of the government officials (Anderson, 2012). The government did not
have to link the specific subdivision to start the corporations, in this like a project entrepreneurial that only has a
role in the substances of energy to create ethical framework.
The corporation management ought to have kept an eye on Milton Friedman's Philosophy. Friedman, the twenty
century economist, who ... Show more content on Helpwriting.net ...
He specified the position of unfettered market and it was very clearly that many counties had shadowed his
philosophy; his line of thought was where countries had expanded with opportunity from the corporations. In
Solyndra circumstance, I would state that the government had left all the energy corporations to their own
strategies and arrangements and consent any guesswork to the specialists of marketing such as a venture
capitalists. This was become known in the supposition of the corporation and they forfeiture over half a billion
dollars of society's taxes this should of never occurred (bowman, 1990). The unethical and unlawful
engagements of the bankruptcy had the greatest result on the managers of Solyndra. Many managers pleaded in
front of the firm's panel, and some of the high–ranking superviser at Solyndra has exploited their bonuses and
reimbursed to them in the sum of $ 370, 000 concerning the corporation's full indebtedness which was attained.
The investors of the corporation said that the government did not interfere in

How Did Milton Friedman Affect The Economy
Milton Friedman has been an economist since his graduation from The University of Chicago in 1937. After his
graduation he was hired by the National Bureau of Economic Research in New York City to work on a consumer
budget survey. After WWII Friedman began demonstrating his thoughts on economy in books such as
Capitalism and Freedom, newspapers such as Newsweek and in many speeches. He spoke and wrote about
issues such as monetarism, minimum wage, and price control. Friedman agrees with the idea of monetarism. He
thinks that the government should keep the money supply moderately steady but increase it a small amount each
year to allow for the growth of the economy. Along these lines he thinks that The Great Depression was caused
by a failure

Why Laptops Are Distracting America 's Future Workforce
There's no denying that technology has grown to play a major role in education and learning. Students are using
laptops, tablets, and smartphones to research, complete, and even collaborate on assignments, both in and
outside of the classroom. Timothy D. Snyder and Thomas L. Friedman both have written articles expressing
their opposing opinions on technology in the classroom. Timothy Snyder is a Professor of History at Yale
University who has written five different award–winning books. In his article, "Why Laptops Are Distracting
America's Future Workforce", Snyder explains to students and teachers why he is against technology in the
classroom. Thomas Friedman is a reporter and columnist for The New York Times, author of six award–winning
... Show more content on Helpwriting.net ...
In Thomas Friedman's article, "Come the Revolution," Friedman is confident that an online–only education
program called Coursera is the solution to the problems of rising tuition and the increased importance of
education in a knowledge economy. The rhetorical strategies used by Friedman were much more effective in
comparison to Snyder's, especially his use of valid numbers, statistics, and facts to support his claims. One
example of this is in the second paragraph of Friedman's "Come the Revolution." After introducing Andrew Ng,
professor and cofounder of Coursera, and explaining the online platform's benefits, Friedman quotes Ng to
support his argument. He writes, " "I normally teach 400 students," Ng explained, but last semester he taught
100,000 in an online course on machine learning. "To reach that many students before," he said, I would have
had to teach my normal Stanford class for 250 years." " Friedman uses the valid numbers, statistics, and facts
from reliable authorities to support his argument.
Another rhetorical strategy that was very effective for Friedman but was ineffective in Snyder's argument is
tone. Choosing words and examples carefully for tone is important when attempting to persuade because tone
indicates the writer's attitude towards his subject or audience. In Timothy Snyder's, "Why Laptops in Class Are
Distracting America's

How Did Milton Friedman Get Freedom Before Freedom
Milton Friedman was a very intelligent economist and classical liberal. He was awarded a nobel prize in
economics in 1976. He said "A society that puts equality before freedom will get neither. A society that puts
freedom before equality will get a high degree of both" This quote by Milton Friedman is smart because of the
fact that if you take people's freedoms away to get equality it will not work. This is how Lenin, Stalin and all of
the other communist leaders ran their countries and failed. A society runs 100% better when the people have a
choice in what they're going to do with there life, who they're going to get to run their government and the
freedom to live life. A society needs freedom to stive. In the past the soviet union would

Milton Friedman's Role in National Debt

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