Word: miltons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...ahead. This week's cover story concentrates on the economy's two main worries: inflation and the possibility of recession. As we followed business news through 1969, it became clear that more and more economists were paying closer attention to the ideas of University of Chicago Professor Milton Friedman, who stresses the importance of money supply as the chief tool in fighting inflation and recession. Hence our year-end review features Dr. Friedman on the cover as it surveys the economy and his theoretical approach...
...others: Chairman Milton S. Eisenhower, Terence Cardinal Cooke of New York City, Senator Philip Hart, Judge A. Leon Higginbotham and Psychiatrist Walter Menninger. The majority included Senator Roman Hruska, Congressmen Hale Boggs and William M. McCulloch, Author Eric Hoffer, Attorneys Leon Jaworski and Albert Jenner Jr. and Judge Ernest W. McFarland...
...point to such sources of strength as record capital investment. Still, businessmen have a sense of foreboding. That anxiety has been intensified by the bearish warnings of one economist who was once ignored and ridiculed, but whose views have lately had an important influence on Government policy. He is Milton Friedman, the leading iconoclast of U.S. economics. "We are heading for a recession at least as sharp as that in 1960-61," he warns. "There is more than a 90% chance of that. There is a 40% chance of a really severe recession, such as occurred in 1957-58, when...
...import quotas, which cost gasoline consumers at least $4 billion a year, could be revised or scrapped. Fair-trade laws, which place floors under the prices of some goods, might also be repealed. These are the sort of moves that economists as far apart as Walter Heller and Milton Friedman agree should be made...
...says. As for his own role, he adds: "all one can hope to do is move things in the direction they ought to go. I try to be specific about the ideal and not worry too much about what at the moment is realistic." By following that precept, Milton Friedman has done much to revive faith in the competitive market and to change the theories by which nations guide their commercial destinies...