Milton Friedman on the root cause of inflation: It's always about the money supply. The Fed let it collapse by a third during the Great Depression—disaster. They learned that lesson, but then made the opposite error: expanding the money supply too aggressively. The fundamental problem? Central banks keep confusing their mission, fixating on interest rates instead of their actual responsibility—controlling how much money exists in the economy. | Free To Choose Network
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Thomas Sowell was once a Marxist, even while studying under Milton Friedman. What changed? A internship. He discovered minimum wage laws killed jobs in Puerto Rico, but his colleagues cared more about protecting their department’s funding than the poor. That’s when Sowell realized: government doesn’t run on truth, but on self-preservation. And from that moment, he turned to free markets. What was your turning point? | Students For Liberty
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And who dares stand for more government and less freedom against this debate team? Milton Friedman Thomas Sowell William Buckley, Jr. These were the days! | Shane Krauser
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