Milton Friedman—Freedom First, Always

In the 1970s, the U.S. economy fell into stagflation—high unemployment and high inflation at the same time. Government attempts to stimulate the economy only drove prices higher. At the same time, American economist Milton Friedman proposed a different solution: keep the money supply stable and let the free market do the rest. This episode of Economic Game Changers introduces teens to Friedman’s ideas, including why the money supply matters, where inflation comes from, and why government intervention often fails to help during an economic crisis.