Who is Milton Friedman?

Milton Friedman was a smart man who helped people understand how money works in the real world.

He studied economics, which is like learning how to manage a big piggy bank for a whole country. Think of it as figuring out what happens when everyone in town starts saving more coins or spending them faster.

Imagine you're at a playground, and there's a rule that says if more kids bring snacks, the swings get busier. Milton Friedman thought about how rules like this affect everything, from how much money people earn to how much they pay for things. He believed that letting prices change freely helps everyone make better choices.

Friedman was especially good at explaining what happens when a country has too many coins (inflation) or not enough (deflation). He even helped design ways to keep the big piggy bank from getting too full or too empty, like using special tools that help people save and spend wisely.

He made complicated ideas feel simple, just like turning a messy room into an organized one with a few clever tricks.