Milton Friedman, who made great contributions in the field of economics, because of the mentality Although he received a lot of criticism in his time, almost all his predictions came true.

One of them is that no one believes in it, What he called “e-money” was cryptocurrency. Let’s take a closer look at Friedman, who influenced the economic world with his timeless views.

Let us first tell as much as possible about Friedman’s life, which we cannot summarize in a few lines.

Born in 1912, Milton Friedman studied mathematics in college and was deeply influenced by his economics professors. He later changed his major in mathematics and focused his graduate studies on economics. At various universities Collect income tax through withholding tax He made valuable contributions in the field of economics on topics such as.

He was awarded in 1976 for his research into consumption analysis, monetary history and theory, and the complexity of stabilization policy. He received the Nobel Prize for Economics. He retired a year after receiving this award at the age of 65, but continued his studies of economics and economics throughout his life. He died in 2006 at the age of 94 of a heart attack.

He was a master who wanted to share what he had learned and created throughout his life with future generations.

The great master, who saw the world through numbers, faced much criticism for his liberal perspective, but his predictions were always correct. One of them is the theory he put forward just before the turn of the 21st century that no one believed. were cryptocurrencies.

The futuristic master saw the potential of the Internet during those years. By eliminating taxes resulting from the use of different currencies There will be a need for electronic money that the world can connect to he said. He also said that the Internet is an important factor in reducing the role of governments by creating an e-currency that can be used internationally.

What he envisioned was an electronic currency suitable for the platform of the future.

In a 1999 interview conducted by the National Taxpayers Union, Friedman talked about what we today call cryptocurrencies. The first person to express this idea has happened.

“Transfer money from A to B, without knowing A and B, or without knowing B and A.” The economist who coined this phrase: An excellent example of a decentralized currency and emphasized that such a change in the monetary system was inevitable.

Friedman interpreted the change positively.

The order begins to change with the emergence of new technologies, that the world continues to evolve And in his opinion, it showed that he was following in the footsteps of a better life.

This way, the world’s population would live as a free society and companies would lose their power one by one because they would have no control over the production of this electronic currency. As it becomes more difficult for governments to collect taxes worldwide a more stable income distribution it would happen.

If he had lived another three years, he would have seen his predictions come true.

Friedman in 2006 3 years after his death, The first cryptocurrency, Bitcoin, was launched by Satoshi Nakamoto. Unfortunately, the great economist, who is no longer in the world, could not make his predictions come true, or even the freedoms he offered to people around the world.

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