Milton Friedman, “Freedom Comes First, Always”
This rings true to me strongly, because as a young married head of household that was the sole provider, my family and I experienced it first-hand. I remember getting in line in the wee morning hours to get my allowed number of gallons in the family car.
In the 1970s, the U.S. economy fell into stagflation, with high unemployment and high inflation at the same time.
Government attempts to stimulate the economy only drove prices higher.
At the same time, American economist Milton Friedman proposed a different solution: keep the money supply stable and let the free market do the rest.
This episode of Economic Game Changers introduces todays teens to Friedman’s ideas, including why the money supply matters, where inflation comes from, and why government intervention often fails to help during an economic crisis.
Pass it along to your Democrat friends to help them realize that the rampant spending that occurred during the Biden Administration caused the rampant inflation that President Trump faced when he took office for the second time on January 20th, 2025