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Milton Friedman Saw Free Markets as a Tool for Freedom(1/2) ( 本次听写约180词 )

Milton Friedman is best known for his work on the idea that governments can slowing inflation by shrinking the money supply. Expected on this series known as monitory reason by studying years of American monitory policy. He argued against the advise of Jon M King. The British coniment was a major influence from the 1930s to the 60s. His answer to the resation and high unemployment was government’s spending on public works and printing more money to pay for it. This increase in the money supply fed inflation. But policy makers at that time generally excepted job groups mint high influence rates. Milton Friedman showed that inflation hurt job grows. He argued that government should control the money supply to keep prices from rising or following to march. But he thought they should not intervene in markets or job creation. His ideas in 1950s and 60s were not popular at the time. But in the early 70s the untied states had both high inflation and high on the employment. Policy makers started to listen. He warn a economical present in 1976.

posted on 2006-12-03 09:28 豆豆 阅读(324) 评论(0)  编辑  收藏 所属分类: VOA 网摘收藏