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Chapman’s News & Ideas George Gilder vs. Milton Friedman on the Function of Money

Bruce Chapman
August 19, 2015
Economics
1

George Gilder states that free market icon Milton Friedman’s quantity theory of money “has been proven wrong,” arguing that a stable dollar as essential to a prosperous economy. At Real Clear Markets, John Tammy writes: “Growth per Gilder is rooted in information, and information reveals itself most readily when experimentation is rampant. The tonic has many ingredients, but the biggest barrier right now is unstable money that renders investment quite a bit more perilous.”

Read the full account of Gilder vs. Friedman at Real Clear Markets.

Bruce Chapman

Cofounder and Chairman of the Board of Discovery Institute
Bruce Chapman has had a long career in American politics and public policy at the city, state, national, and international levels. Elected to the Seattle City Council and as Washington State's Secretary of State, he also served in several leadership posts in the Reagan administration, including ambassador. In 1991, he founded the public policy think tank Discovery Institute, where he currently serves as Chairman of the Board and director of the Chapman Center on Citizen Leadership.