Milton also gave us withholding. He’s got some good ones, but his bad ones are Duesies.
Well, here’s my little story. My first books dealt with the “free banking “ era in the early 1800s in which there was no national bank (for some of the time) and banks competed openly by printing their own money. It worked very well-—certainly no weaker or panic-prone than any era with a “gubment” bank. So I was on a barge going down the Danube with a bunch of Nobel Prize winners (I wasn’t one) and found myself debating Milton about competitive money with me taking the free market position and Friedman defending the Fed!!