Word: friedmanism
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Dates: during 1970-1979
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...Harvard's attempt to dismiss the case fails outright, Judge Frank Friedman will have to rule on Krohn's argument that the University, under the Massachusetts constitution, is really subject to the state legislature...
...right of this position is the University of Chicago conservative school, named after its home base. The most famous Chicagoan is Milton Friedman. This school believes free markets are usually more effective than central planning and government intervention and opposes most of the welfare state measures supported by Harvard liberals...
...inflation and recession. The debate was billed as a battle over the fundamental difference in economic thought: the Marxists vs. the conservatives. Nowhere was it mentioned that half the economic spectrum wasn't even represented. Duesenberry-Eckstein debating Marglin-MacEwan on the alleged shortcomings of capitalism is like Milton Friedman and Bill Buckley debating the Rev. Billy Graham and Brother John Birch on the alleged shortcomings of socialism. Unfortunately such stacked debates are all Harvard can offer with a stacked economics faculty...
...inflations is questioned in a chapter titled "The New Economics at High Noon." Galbraith argues that the reluctance of governments to raise taxes or cut spending during booms proves "the fatal inelasticity of the Keynesian system." Monetary policy is dismissed as "a perverse and unpredictable lever" and Economist Milton Friedman's carefully documented thesis that rapid expansion of a nation's money supply contributes to inflation is rejected as "breathtakingly simple...
...away, the physician is not practicing psychiatry. He is instead a babysitter," says Dr. Jules Masserman of Chicago. "We strive to make patients self-sufficient." Some doctors arrange to have their practices covered or leave their phone numbers for emergencies. "Woody Allen is wrong," says Boston's Dr. Henry Friedman. "Everyone doesn't just depart and leave a group of neurotics marching around the city...