Please, feel free to share. Provide some of his "predictions and theories" which have proved to be wrong.
(Oh, and "worship"? Puh-LEEZE.)
“Please, feel free to share. Provide some of his “predictions and theories” which have proved to be wrong.”
One of the great theories of Friedman’s career involved monetary policy and what factors affected the money supply. It’s been years since I read about this, and I don’t have time to research it today. I will for a later post. But many believe that theory was proven invalid.
But anyone who thinks any economist has satisfactorily proven all his theories and predictions is living in a dream world. They don’t call it the “dismal science” for no reason, and there is always someone on the other side of any theory, with different beliefs.
Yep, and I’d definitely say that Friedman has some worshipers. Not sure how many.