Friedman’s Chicago School seems to be relatively Free Market based from the reading I have done, but it recieves constant ridicule on Mises. If it is Free Market, against a central bank, and more, how is it different than the Austrian view on economics and how is it bad? I am just looking for links …

The Chicago school isn’t a free market school of economics. For example, “Chicagoans” often favor stringent anti-trust laws. All Chicagoans that I know of were in favor of some form of central banking or national monetary authority. They overuse mathematics and have a positivist ideology. Both …

But, they aren’t for a free market. The Chicago Schoolers are in favor of government control of currency. Seeing as a free market in money is one of the foundations of a free market, the Chicago School can’t be consider pro free market. And they aren’t against the central bank. Also, Friedman was …

“One of Friedman’s most disastrous deeds was the important role he proudly played, during World War II in the Treasury Department, in foisting upon the suffering American public the system of the withholding tax. Before World War II, when income tax rates were far lower than now, there was no withh…

There is a critical article written by Rothbard about Friedman somewhere, I’ll see if I can find it. And I could’ve swore that Friedman supported central banking (I think I heard him say it in one of his videos on Gold).

http://www.lewrockwell.com/rothbard/rothbard43.html

The Chicago school doesn’t vary a whole hell of a lot from the Keynesian school as the biggest drain on an economy is the inflation imposed upon society by a central bank. Many Chicago school adherents even suggest a 33% NST. An example of a Chicagoan, I’d say was Reagan. All he did was cut taxes to…

Thanks for the link Josh. And while I am talking to you, I would like to apologize for that whole thing on Al Qaeda. I did draw an assumption with little knowledge. I thought you were arguing out of ignorance but that last post you had responding to “Myla” was very insightful and it seems you know …

No problem man, I’m sorry if I crossed any line with you.

Chicago School vs Austrian School

Economics Economics Questions

nirgrahamUK February 16, 2010, 3:19pm 2

I suggest this thread

https://forum.freecapitalists.org/t/austrian-vs-neoclassical-axioms/8729

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Chicago School vs Austrian School

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