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Friedman denies full employment goal in Nobel lecture
Nobel economist Milton Friedman told the Stockholm School of Economics that the volatile economy will force change or accept chronic inflation and less government. He argued supply and demand, not government tinkering, set economic equilibrium and called full employment a false notion. He cited his market theory amid protests over Chile support and defended a limited government role in schooling and policy.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Milton Friedman
Friedman
United States