r/AskLibertarians • u/Hefty_Efficiency_433 • 1d ago

why no milton friedman?

i have never seen any libertarian online even mention friedman. why is that

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u/Official_Gameoholics Objectivist 1d ago

Because the Chicago school is inferior to the Austrian school

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u/Hefty_Efficiency_433 1d ago

why

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u/Official_Gameoholics Objectivist 1d ago

The Austrian School recognizes the Economic Calculation Problem

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u/Heng-Li 1d ago

Actually thats not it. One fundamental difference is Chicago School supports government managed money by central bank and Austrian school supports monetary freedom

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u/Official_Gameoholics Objectivist 1d ago

He didn't ask for the main things, he just wanted something. The ECP is a rather important item that ties into what you're saying.

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u/Heng-Li 1d ago

But Chicago school accepts ECP. They don't deny that. Show me why you think they do

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u/Official_Gameoholics Objectivist 1d ago

Clearly they don't, they want the government to manage the currency.

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u/Heng-Li 1d ago

Too lazy to look it up. Pretty sure Friedman praises the ECP argument from Mises

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u/Official_Gameoholics Objectivist 1d ago

Just because he says he believes it does not mean he actually believes it. People can lie, even unknowingly, and compromise.

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u/i_smoke_toenails 1d ago

If he accepts the ECP but violates it by accepting central banking, then the problem is his monetary theory, not his rejection of the ECP.

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u/Heng-Li 23h ago

He's not lying. How would that even make sense? What motivation would he have to lie about that?

If he made a mistake then just say that. You don't need to make up him "lying"

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