Milton Friedman

Milton Friedman was the leading voice of the Chicago School of Economics and a fierce advocate for free-market capitalism. His work on monetarism challenged the prevailing Keynesian consensus by arguing that inflation is always and everywhere a monetary phenomenon. Friedman's influence on global economic policy in the late 20th century was profound, leading to a greater focus on price stability and deregulation. His clear, accessible communication style helped bring economic concepts to the public, and his legacy continues to shape how central banks approach interest rates and money supply management today.