Milton Friedman was born in the United States of America in 1912.

He received the 1976 Nobel prize in the economic sciences, “for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy.”

Friedman believes that a free market, operating without government intervention, is necessary for constant economic growth. “The individual’s will to succeed,” he said, “is the engine of American capitalism.”