How did Nixon confront Friedman?


Milton Friedman confronted President Richard Nixon over his policy of fixing prices and wages. Friedman was deeply disappointed that Nixon, despite knowing the impracticality and ineffectiveness of such controls, chose to implement them anyway to appease public demand for government action. Friedman did not hesitate to express his objections directly to the President in the Oval Office, making it clear that he believed Nixon's approach was entirely wrong 1 .

Nixon, Friedman, and Vindication

Nicholas and Russ discuss Milton Friedman's confrontation with President Nixon over fixed prices, Friedman's craving for vindication, and the disconnect between progressive acts and their intended outcomes.


Nicholas Wapshott on Samuelson and Friedman