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Milton Friedman, recipient of the 1976 Nobel Prize for economic science, speaks during a White House event in Washington on May 9, 2002. Getty Images/Alex Wong
Peter Jacobsen is a writing fellow at the Foundation for Economic Education (FEE). He teaches economics and holds the positions of assistant professor of economics at Ottawa University and Gwartney Professor of Economic Education and Research at the Gwartney Institute. He received his graduate education at George Mason University.