He predicted the staglation of the 70′s and argued that the Great Depression was exacerbated by the government’s contraction of the money supply.
Friedman believed free markets lead to free people.
As seen in the clip above, Friedman was no fan of tariffs as he felt they imposed artificial restraints on consumer choice.
You can also thank him for developing the withholding tax, as well as the earned income tax credit. — BEN POPKEN