FAQ About Milton Friedman
How did Friedman's ideas differ from Keynesian economics?
Milton Friedman and John Maynard Keynes had contrasting views, particularly regarding the role of government in the economy. While Keynesian economics supports active government intervention to manage economic cycles through fiscal policy, Friedman emphasized monetary policy and the control of money supply. He criticized Keynesianism for focusing on fiscal measures, which he believed could lead to inflation and other economic imbalances.
