milton vs john Flashcards
(10 cards)
Who believed in free markets with minimal government intervention?
Milton Friedman
Who believed governments should spend during economic downturns to boost demand?
John Maynard Keynes
What is the main idea of Keynesian economics?
The government should step in to stabilize the economy by increasing spending during recessions.
What is Milton Friedman known for supporting?
Free-market capitalism, privatization, and limited government.
Which economist’s ideas led to more government programs and public investment (like stimulus checks or job creation)?
John Maynard Keynes
Which economist was against too much government spending and believed it caused inflation and inefficiency?
Milton Friedman
Which economist would likely support social programs and progressive taxation to reduce inequality?
John Maynard Keynes
Who influenced leaders like Ronald Reagan and Margaret Thatcher with pro-privatization, free trade ideas?
Milton Friedman
Which economist believed the market doesn’t always self-correct and sometimes needs help?
John Maynard Keynes
Which economist would likely argue against welfare programs and high taxes?
Milton Friedman
