Who was Milton Friedman? #economics #shorts

Economics != boring! Get to know the man who revolutionized Economics: Milton Friedman. From his major contributions to Economics and advocating for free-market capitalism to his Nobel Prize winning work, we'll give you an overview of the life of the Economics genius. #MiltonFriedman #Economics #FreeMarketCapitalism #NobelPrize

This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Enjoyed the video? Comment below! 💬
⭑ Enjoyed? Hit the like button! 👍

Follow EE on social media:

#Economics #Explained #EconomicsExplained

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

[davidalearmonth]

He also proposed a Negative Income Tax (i.e something similar to Universal Basic Income). :)

[JaredKaiser]

His book "free to choose" made me fell in love with economics, I highly recommend you guys should read it too

[jerekeya]

"Milton Friedman is the most influential economist ever known"

John Maynard Keynes: *Rolling in his grave*

[RudyG]

To me personally his economic arguments make the most sense.

[blue.hawaii.audits]

“Highly regarded” to this day?! Then why do we ignore everything he and Thomas Sowell have said?!

[Eta_Carinae__]

It's worth noting that Friedman never _started_ monetarism. He was a remarkable populariser and communicator, but he wasn't the first person at Hoover to consider the macroeconomic effect of the money supply. Friedman's big contribution more had to do with critiquing the index associated with the valuation of treasury bonds.

[meme]

I wonder what he's say about all the Quantitive Easing (renamed because it sounds better than Money Printing) that's been happening since the credit crunch.

[CommunistWelder]

He’s the reason we’re in the mess we’re in now, thanks neolibs

[isaacrcason]

I'm currently reading his book, "Capitalism and Freedom". Good stuff!

[marcoathayde]

Milton was a fantastic cientist. My respect

[homelesseconomist]

He also supported the Henry George argument for a land value tax

[cameronmcguire]

I, Pencil essay explains the fundamentals of economics in such a way all can understand

[mightyfist]

It's interesting that I was recommended this short about Friedman after watching a video with F.D Signifier discussing his influence on Economics during the Reagan administration and onwards. Seeing how he's being praised for his ideas feels strange knowing what I know.

[richardhowe]

How to understand economics, if you got the money honey I got the time😊

[vermasean]

The Team making these EE Shorts are doing an awesome job! 🙌

[wertywerrtyson]

He certainly influenced me by his way of explaining economics in a interesting and easy to understand way when I discovered him a few years ago but the most influential economist is of course John Maynard Keynes. Friedman may have influenced the economy a bit during the Reagan years but before and after we have seen Keynesianism in pretty much every economy in the world. Had we listened more to Friedman we probably wouldn’t have to go through this inflation period. History repeats itself. He may have been a bit too extreme in his liberalism but at least he understood that there is no such thing as a free lunch and you can’t money print yourself out of trouble. I got exactly 0 of any money printed during the Covid years (There was no tax refund here it all just went to businesses) and yet I’m stuck having trouble paying for heat and food for my children because of over 10% inflation. At least the US managed somehow to degrease inflation but it is still going up here in Sweden. 10% isn’t even true since food has increased by 16% and heat by 300% and I need that than whatever increased less.

[dannywindham]

Milton Friedman was one of the most influential Economist of our time and without a doubt the most evil

[luisfilipe]

Though he is a very controversial figure he is very smart

[crazieeez]

John Maynard Keynes writings are cryptic. Karl Marx writings are childish and wishful thinking with a bunch of what if we die. Milton Friedman is very easy on the reading and makes arguments on available data.

[psikeyhackr]

Keynes never saw a television commercial for automobiles.

Economists have pretended that planned obsolescence has not been happening since Keynes took the long run.

Ever notice that the Depreciation of durable consumer goods is not included in the Net Domestic Product equation?