What Did Friedman Predict

Milton Friedman Predicted the Creation of Bitcoin in 1999.

What did Friedman believe about the role of government?

Milton Friedman is associated with the Chicago School, which believes the government should have little to no involvement in free-market activities and that the best outcomes result when these markets allocate resources in an economy.

What type of economic thinking did Friedman oppose?

Friedman opposed the Keynesian view that “money does not matter,” instead promoting the theory that changes in the money supply affect real economic activity in the short run and the price level in the long run.