For those who fear the capture of higher education by the left, the late Milton Friedman rejects the very notion. To this day, left, right and center from the most elite of elite colleges the world over embrace the Friedmanite view that the trick to booming, non-inflationary growth is wise oversight of “money supply” from the proverbial Commanding Heights. Friedman was a man of the right, but his views on money sadly have mass appeal. Adam Smith would be disappointed.
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