ow growth is not a remedy for higher unemployment. To support his claim he points to counties in which unemployment has risen, the growth level slowed, and yet inflation is still rising. In a free market system, workers are protected by unions, the government, other employees, or nobody. Unions are the best protection of all of these. For example if coal miners are working in unsafe conditions, then the union could demand that the mine invest in the workers safety. The government also plays an essential role, making laws (e.g. Minimum wage, child labor laws) that protect the workers. Friedman also believes that even if the government or union does not protect the worker, then they might always find another job. He also believes that schooling plays an important part (like Smith and Marx) in ones daily routine. Rose and Milton believe that the public school system is under funded and that there should be some competition, but none exist because of the cost of private schooling versus the free schooling. Maybe school vouchers would be a good idea? The money, instead of being given to the public school, would be given to the school of the childs choosing. This would create a market for education, where there would be some real competition. Friedman is known quite infamously for being an anit-Kensian. Friedman differs with Keynes mostly in reference to the Phillips Curve (Keynesian model that depicts the inverse relationship between inflation and unemployment.) Friedman differs on the stance that high rates of inflation coexist with high unemployment rates, everywhere on the graph no only on the curve. Another of Friedmans stances is that the Federal Reserve is useless and acts stupidly on many occasions. Friedman is right for his time, although he head butts with Keynes much, economics is a constantly evolving arena where we take in new data and compare to old theories to see id they still stand. ...
