What is /biz/'s opinion on Milton Friedman?

>>1726234
Best economist of his time

>>1726234
Genius. By far the best economist of the 20th century, perhaps one of the greatest to have ever lived.

>>1726234
Free to Choose. Capitalism and Freedom. Those books change my life.

This guy is a fucking Genius, had great influence on me. He and Hayek have done some great work.

A complete fucking moron.

utter idiot.

>>1726718
>>1726721
Please elaborate

>>1726736
He slipped all too easily into claiming both that markets always work and that only markets work. It's extremely hard to find cases in which Friedman acknowledged the possibility that markets could go wrong, or that government intervention could serve a useful purpose

>>1726234
Charlatan. An economic theory completely disentangled from government is pure abstraction. It cannot be instantiated into a real world economy. A central government collecting a tax and making broad investments in key industries can be highly effective at motivating certain economic changes.

>>1726745
>or that government intervention could serve a useful purpose

Austrians criticize him for his monetary interventionist ideas.

>>1726746
Cuck

>>1726234
Pretty cool guy.

>>1726718
>>1726721
>>1726745
>>1726746
t. Keynesians

>>1726745
>>1726746
Except that government intervention isn't useful or effective.

>>1726827
You're probably thinking of bailouts, aren't you? You fucking retard.

>>1726234

One inherent flaw of unrestricted freedom is the freedom to restrict freedom.

>>1726718
>>1726721
>>1726745
>>1726746

Looks like lots of folks who missed out on an economics degree and settled for sociology instead.
>>1726832