Father of Modern Conservatism ... Economics ... (Jan. 1968, 5 - TopicsExpress

Father of Modern Conservatism ... Economics ... (Jan. 1968, 5 min.) ... Friedman was an economic adviser to Republican U.S. President Ronald Reagan. His political philosophy extolled the virtues of a free market economic system with minimal intervention. He once stated that his role in eliminating U.S. conscription was his proudest accomplishment, and his support for school choice led him to found the Friedman Foundation for Educational Choice. In his 1962 book Capitalism and Freedom, Friedman advocated policies such as a volunteer military, freely floating exchange rates, abolition of medical licenses, a negative income tax, and school vouchers.[10] His ideas concerning monetary policy, taxation, privatization and deregulation influenced government policies, especially during the 1980s. His monetary theory influenced the Federal Reserves response to the global financial crisis of 2007–08.[11] In the field of statistics, Friedman developed the sequential sampling method of analysis. - Wiki youtu.be/6hryAp1i3S8

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