When applied to tax policy, this idea led him to an unequivocal determination: "I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever possible."Ī crucial issue that Friedman found with the U.S. But what did he have to say on the issue of tax reform?Īs a founder of the Chicago school of economic theory, Friedman generally believed that less government intervention in the economy would lead to increased prosperity and growth. NTUF and our fellow policy analysts at the Tax Foundation will be commemorating his life and work by hosting an event tonight from 6-9 PM in downtown Washington, D.C.įriedman's contributions to economics and the ways in which we frame public policy discussions were numerous. Today would have been the 101st birthday of renowned economist Milton Friedman, who has been recognized by his peers as one of the most influential figures in modern economic thought and received numerous awards and honors for his achievements, including the Nobel Prize and the Presidential Medal of Freedom.
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