On Milton Friedman

19th century 40 per cent Adam Smith answer average balanced budget basic long-term threat believe benefit Britain bureaucrats Canada Canadian Congress cost countries cut government spending cut spending cut welfare deficit determine interest rates dollar economists eliminate enormous uncertainty exchange rate expansion expectations favour federal budget Federal Reserve interest Fraser Institute happen imposing increase inflation rate John Kenneth Galbraith John Maynard Keynes Long-term interest rates look lower Marshall Plan Mike Walker military spending Milton Friedman Monetarism monetary growth money supply national income Northcote Parkinson OPEC opinion Poland political poor power of ideas predict President Reagan prime rate problem produce Prof Professor Friedman quantity of money rate of inflation reason recession Reserve interest rate role sector short-term side effects Supplementary Question sure thing tion Total defense spending unemployed unemployment venality and greed Wealth of Nations Webster welfare programs