After graduating, Friedman was unable to find academic employment, so in 1935, he followed his friend W. Allen Wallis to Washington, D.C., where Roosevelt's New Deal was "a lifesaver" for many young economists. At this stage, Friedman said that he and his wife "regarded the job-creation programs such as the WPA, CCC, and PWA appropriate responses to the critical situation".
"...the New Deal was a lifesaver for us personally,” he and his wife recalled in their memoir.
Friday, March 7, 2008
Milton Friedman Finds Work at the WPA
A nugget for sure:
Posted by Henry at 1:48 PM