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Essay

Milton Friedman

Essay specific features

 

Issue:

Biographies

 

Written by:

Brenda R

 

Date added:

February 17, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1062

 

Was viewed:

3762 times

 

Rating of current essay:

 
Essay content:

You've probably heard all about his accomplishments and awards he has received, but what about how Milton Friedman played a very important role in helping us get into a huge national debt? This paper will discuss how Milton Friedman played a negative role in our economy. When the Great Depression hit worldwide, it was up to the economists to explain it and to devise a cure for it...
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A person named John Maynard Keynes came up with an explanation to the economic slump that was so simple people did not think it would work. Keynes explanation was something like this; in a normal economy, there is a high level of employment, and everyone is spending their earnings as usual. This means there is a circular flow of money in the economy, as my spending becomes part of your earnings, and your spending becomes part of my earnings...
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