Milton Friedman is known worldwide for his belief in defending free-market capitalism and his faith that it can proficiently and impartially distribute wealth throughout a nation. Most of Friedman's peers are not able to put that same amount of confidence in the ability of the market as he. Friedman has suspicions of government interference in the business of a nation's economy. These suspicions are based on his belief in a limited government and that a capitalist economy free of government interference would provide the best choices for a consumer. Instead of being so involved in the market, he believes that the government has a responsibility to keep a high standard of living through certain functions like defense, education, and public utilities and set certain laws regarding economic policy in order to keep in check the "game" of economics. (Friedman 25) Friedman suggests that the government pass "a legislated rule instructing the monetary authority to achieve a specified rate of growth in the stock of money." (Friedman 54) Besides serving this purpose, Friedman believes the government's interference is detrimental.

Friedman's Suspicions of Government Interference

Markets are political because contracts are incomplete. And where contracts are incomplete, what actually gets transacted cannot be enforced by a court of law; rather, the de facto terms of exchange are fought out between the exchanging parties. This is the reason why markets are political. (Bowles 13)

Friedman's Methods on how Quality of Goods and Services Should be Insured

There are two main types of economists, the Neoclassical and Keynesian. Divided amongst them are radical and the institutional. Radical economists believe in more governmental influence than institutional, and are very concerned with distribution fights between workers and capitalists than most economists. They also wanted to establish worker cooperatives to replace the corporation. (Colander 158) Radicals believe that it is human nature to want to change for the better of all mankind, while institutional economists believe that individuals are fundamentally selfish and greedy. Friedman would be viewed as an institutional economist. Friedman "thought that markets promoted self-interest or greedy behavior, which brought destruction to the community." (Wisman 5) Samuel Bowles is considered a radical economist. He was very concerned with the social conflicts and tensions in society than most other economists. (Colander 158) The two economist's views lead to two different versions of how they would like the government to be run. One way is with a small government providing essentials and other needs, and the other is with a big government taking care of all of the needs of its people.

United States government portrays the idea that without government intervention, society's economic growth would stagger. According to Friedman, economic growth and stability are due to the reduction of government interference. Friedman has many reasons for why he

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