Milton Friedman, Influential Economist, Supported Ideas That Foreshadowed Bitcoin
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Friedman was an influential economist who made lasting contributions in many areas, including price theory and monetarism.
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He argued money supply matters for inflation, contrary to claims by current US leaders, and was skeptical of central banks' power.
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Friedman preferred monetary rules over discretion to limit the power of fallible central bankers in managing complex money supply.
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He believed an unchangeable e-cash would reduce government role, foreshadowing and supporting the idea of bitcoin a decade before its invention.
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Friedman would likely approve of bitcoin's predictable issuance schedule as an alternative to the Federal Reserve's discretionary policies.