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{{Ideology
{{Ideology
|themecolor = #c9f1ff
|themecolor=#c9f1ff
|textcolor = #ff0000
|textcolor=#ff0000
|title = [[File:Chilib.png]] Chicago Libertarianism
|title=[[File:Chilib.png]] Chicago School [[File:ChicagoSchool.png]]
|image = ChicagoLibertarian2.png
|image=ChicagoLibertarian2.png
|caption = "A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both."
|caption="A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both."
|speaker=Milton Friedman
|speaker=Milton Friedman
|aliases = ChicagoBert <br> Friedmanism <br> Proto-Neoliberalism<br> Milton Friedman thought <br> Utopic Liberalism (By [[File:PNL(France).png]] Henry de Lesquen)<br> <s>Armchair Neoliberalism</s>
|aliases=Chicagoan Libertarianism<br>
|alignments =  
Proto-Neoliberalism<br>
[[File:Friedman.png]] Milton Friedman thought<br>
[[File:Neoclassical.png]] Neo-Classical Economics<br>
[[File:Econbert.png]] Economic Libertarianism<br>
[[File:Montbert.png]] Monetarist Libertarianism<br>
[[File:Chigeobert.png]] Chicagoan Georgism ([[File:Friedman.png]] Friedmanism)<br>
Pinochet's Right-Hand (Debatable)<br>
{{Alias|PNL(France).png|Reactionary Liberalism|[[File:UtoLib.png]] Utopic Liberalism}}<br>
<s>Armchair Neoliberalism</s>
|alignments=
[[File:Libright-yellow.png]] [[LibRight]] <br>
[[File:Libright-yellow.png]] [[LibRight]] <br>
[[File:Cap.png]] [[:Category:Capitalists|Capitalists]] <br>
[[File:Cap.png]] [[:Category:Capitalists|Capitalists]] <br>
[[File:Libertarian.png]] [[:Category:Libertarians|Libertarians]] <br>
[[File:Libertarian.png]] [[:Category:Libertarians|Libertarians]] <br>
[[File:Cultcenter.png]] [[:Category:Cultural Center|Culturally Variable]] <br>
[[File:Cultcenter.png]] [[:Category:Cultural Center|Culturally Variable]] <br>
|influences =  
|influences=
[[File:Libertarian.png]] [[Libertarianism]]<br>
[[File:Libertarian.png]] [[Libertarianism]]<br>
[[File:Georgist.png]] [[Georgism]]<br>
[[File:Monet.png]] [[Monetarism]] (initially)<br>
[[File:Monet.png]] [[Monetarism]] (initially)<br>
[[File:NuKeynesPix.png]] [[Neo-Keynesianism]] (later on)<br>
[[File:NuKeynesPix.png]] [[Keynesian School|Neo-Keynesianism]] (later on)<br>
|sub=
[[File:Friedman.png]] '''Friedmanism'''{{Collapse|
*[[File:Atlanticism.png]] [[Neoconservatism|Atlanticism]] (early on)
*[[File:Clib.png]] [[Classical Liberalism]]
*[[File:Fiscon.png]] [[Fiscal Conservatism]]
*[[File:Geolib.png]] [[Geolibertarianism]]
*[[File:Monet.png]] [[Monetarism]]
*[[File:Neoliberal-icon.png]] [[Neoliberalism]]
}}
[[File:Neoclassical.png]] '''Neo-Classical Economics''' {{Collapse|
*[[File:Clib.png]] [[Classical Liberalism]]
*[[File:Neoliberal-icon.png]] [[Neoliberalism]]
*[[File:NuKeynesPix.png]] [[Keynesian School|Neo-Keynesianism]]
}}
|variants=
|variants=
*[[File:ChiAuth.png]] '''Chicago Boys ([[File:Helicopter Man.png]]Chile)''' {{Collapse|
[[File:ChiAuth.png]] '''Chicago Boys''' {{Collapse|
**[[File:Anticommunism.png]] Anti-Communism
*[[File:Anticommunism.png]] Anti-Communism
**[[File:Antisoc.png]] Anti-Union
*[[File:Antisoc.png]] Anti-Union
**[[File:Authcap.png]] [[Authoritarian Capitalism]](Some) <ref>Some of the Chicago Boys, such as Álvaro Bardónand Sergio de Castro, even saw dictatorship as the ideal regime to ensure market neutrality. De Castro, who had a leadership role with the Chicago Boys, wrote that "a person's actual liberty can only be secured by an authoritarian regime that exercises violence by enforcing equal rules for all."</ref>  
*[[File:Authcap.png]] [[Authoritarian Capitalism]] (Some) <ref>Some of the Chicago Boys, such as Álvaro Bardónand Sergio de Castro, even saw dictatorship as the ideal regime to ensure market neutrality. De Castro, who had a leadership role with the Chicago Boys, wrote that "a person's actual liberty can only be secured by an authoritarian regime that exercises violence by enforcing equal rules for all."</ref>  
**[[File:Fiscon.png]] [[Fiscal Conservatism]]
*[[File:Fiscon.png]] [[Fiscal Conservatism]]
**[[File:Monet.png]] [[Monetarism]]
*[[File:Monet.png]] [[Monetarism]]
**[[File:Neoliberal-icon.png]] [[Neoliberalism]]
*[[File:Neoliberal-icon.png]] [[Neoliberalism]]
**[[File:Pinochet-hat.png]] [[Pinochetism]]
*[[File:Pinochet-hat.png]] [[Pinochetism]]
}}
}}
*[[File:Friedman.png]] '''Friedmanism'''{{Collapse|
|influenced={{Collapse|
**[[File:Atlanticism.png]] [[Neoconservatism|Atlanticism]] (early on)
[[File:Bolsonarism - alt.png]] [[Reactionary Liberalism#Brazil|Bolsonarism]]<br>
**[[File:Clib.png]] [[Classical Liberalism]]
[[File:Gremialismo.png]] [[Christian Democracy|Gremialismo]]<br>
**[[File:Fiscon.png]] [[Fiscal Conservatism]]
[[File:Monet.png]] [[Monetarism]]<br>
**[[File:Geolib.png]] [[Geolibertarianism]]
[[File:Neoliberal-icon.png]] [[Neoliberalism]]<br>
**[[File:Cap.png]] [[Capitalism]]
[[File:Pinochet-hat.png]] [[Pinochetism]]<br>
[[File:Newkeynes.png]] [[Keynesian School|New Keynesianism]]<br>
[[File:Reagan.png]] [[Neoconservatism|Reaganism]]<br>
[[File:Socliber.png]] [[Social Libertarianism]] (Some, after Friedman)
}}
}}
|influenced =
|definition=A kind of Libertarianism based on the Chicagoan School of Economics
[[File:Bolsonarism - alt.png]] [[Reactionary Liberalism#Brazil|Bolsonarism]]<br>
|song=[https://www.youtube.com/watch?v=edpLqHYp4XY Sufjan Stevens - Chicago]<br>
[[File:Gremialismo.png]] [[Gremialismo]]<br>
[https://www.youtube.com/watch?v=ox-8Y3EP5cA Steve Goodman - Go, Cubs, Go!]
[[File:Monet.png]] [[Monetarism]] <br>
|theorists=[[File:PanAmer.png]] '''Americas''' {{Collapse|
[[File:Neoliberal-icon.png]] [[Neoliberalism]] <br>
*[[File:Friedman.png]] [[Monetarism|Milton Friedman]] (1912-2006) [[File:Cball-US.png]] USA
[[File:Pinochet-hat.png]] [[Pinochetism]] <br>
*[[File:Monet.png]] [[Monetarism|Anna Schwartz]] (1915-2012) [[File:Cball-US.png]] USA
[[File:Newkeynes.png]] [[Keynesianism|New Keynesianism]]<br>
*[[File:Libertarian.png]] [[Libertarianism|James M. Buchanan]] (1919-2013) [[File:Cball-US.png]] USA
[[File:Reagan.png]] [[Neoconservatism|Reaganism]] <br>
[[File:Socliber.png]] [[Social Libertarianism]] (Some, after Friedman)<br>
|definition = A kind of Libertarianism based on the Chicagoan School of Economics
|song =[https://www.youtube.com/watch?v=edpLqHYp4XY&list=PLJ9uMbcoY6lI4wHOZSq_wV2cSbcz7b-xl&index=9 Sufjan Stevens - Chicago]<br>[https://www.youtube.com/watch?v=ox-8Y3EP5cA Steve Goodman - Go, Cubs, Go!]
|theorists = *[[File:Friedman.png]] [[Monetarism|Milton Friedman]] (1912-2006) [[File:Cball-US.png]] USA
*Ronald Coase (1910-) [[File:Cball-UK.png]] UK
*James M. Buchanan (1919-2013) [[File:Cball-US.png]] USA
*[[File:Sowell.png]] [[Libertarian Conservatism|Thomas Sowell]] (1930-) [[File:Cball-US.png]] USA
*[[File:Sowell.png]] [[Libertarian Conservatism|Thomas Sowell]] (1930-) [[File:Cball-US.png]] USA
*Gary Becker (1930-2014) [[File:Cball-US.png]] USA
*[[File:ChicagoSchool.png]] [[Capitalism|Gary Becker]] (1930-2014) [[File:Cball-US.png]] USA
*Richard Posner (1939-) [[File:Cball-US.png]] USA
*[[File:ChicagoSchool.png]] [[Capitalism|Richard Posner]] (1939-) [[File:Cball-US.png]] USA
*[[File:Ancapf.png]] [[Anarcho-Capitalism|David D. Friedman]] (1945-) [[File:Cball-US.png]] USA
*[[File:Ancapf.png]] [[Anarcho-Capitalism|David D. Friedman]] (1945-) [[File:Cball-US.png]] USA
*[[File:Monet.png]] [[Monetarism|Miguel Kast]] (1948-1983) [[File:Cball-Chile.png]]
*[[File:Monet.png]] [[Monetarism|Miguel Kast]] (1948-1983) [[File:Cball-Chile.png]]
*[[File:Fiscon.png]] [[Fiscal Conservatism|Hernán Büchi]] (1949-) [[File:Cball-Chile.png]]
*[[File:Fiscon.png]] [[Fiscal Conservatism|Hernán Büchi]] (1949-) [[File:Cball-Chile.png]]
|likes = [[File:NuKeynesPix.png]] [[Neo-Keynesianism|New-Classical Economics]]<br>
}}
[[File:Cball-EU.png]] '''Europe''' {{Collapse|
*[[File:ChicagoSchool.png]] [[Capitalism|Ronald Coase]] (1910-2013) [[File:Cball-UK.png]] UK
}}
|likes=[[File:NuKeynesPix.png]] [[Keynesian School|New-Classical Economics]]<br>
[[File:Markets.png]] [[Capitalism|The Free Market]]<br>
[[File:Markets.png]] [[Capitalism|The Free Market]]<br>
[[File:Georgist.png]] [[Georgism|The Least Bad Tax]]<br>
[[File:Georgist.png]] [[Georgism|The Least Bad Tax]]<br>
✏ Pencils
✏ Pencils
|dislikes = [[File:Soc.png]] [[Socialism|Socialists]]<br>[[File:ML.png]] [[Marxism-Leninism|Commies]]
|dislikes=[[File:Soc-h.png]] [[Socialism|Socialists]]<br>
[[File:ML.png]] [[Marxism-Leninism|Commies]]
}}
}}
 
'''Chicago School''', also known as '''Chicagoan Libertarianism''', is a kind of libertarian, economically center right to far-right, and culturally centrist but sometimes left-leaning political ideology.
'''Chicagoan Libertarianism''' is a kind of libertarian, economically center right to far-right, and culturally centrist but sometimes left-leaning political ideology.


It is used quite often to refer to [[File:Neoliberal-icon.png]] [[Neoliberalism]], although only a few economists of this school have referred to themselves as neoliberals.
It is used quite often to refer to [[File:Neoliberal-icon.png]] [[Neoliberalism]], although only a few economists of this school have referred to themselves as neoliberals.
Line 67: Line 89:
It is quite a simple ideology, it's [[File:Libertarian.png]] [[Libertarianism]] based on the thought of the Chicago School of Economics, which is a Neoclassical school of economics associated with the University of Chicago, mostly known for the Libertarian economist of second generation, and Nobel prize winner, Milton Friedman.
It is quite a simple ideology, it's [[File:Libertarian.png]] [[Libertarianism]] based on the thought of the Chicago School of Economics, which is a Neoclassical school of economics associated with the University of Chicago, mostly known for the Libertarian economist of second generation, and Nobel prize winner, Milton Friedman.


Within the precise ideas on economic believes, it is associated with the rejection of [[File:Keynes.png]] [[Keynesianism]] in favor of [[File:Monet.png]] [[Monetarism]] (Which states that it's desirable to have a Monetary policy controlled by the government as long as it expands money supply consistent with GDP growth) until the mid-1970s when it turned to new classical macroeconomics strongly based on the concept of rational expectations. Specifically, [[File:NuKeynesPix.png]] [[Neo-Keynesianism|Neo-Keynesian]] economics was developed as a response to new classical economics and Friedman's critiques to Keynesianism, electing to incorporate the idea of rational expectations without giving up the traditional Keynesian focus on imperfect competition and sticky wages.
Within the precise ideas on economic believes, it is associated with the rejection of [[File:Keynes.png]] [[Keynesian School]] in favor of [[File:Monet.png]] [[Monetarism]] (which states that it's desirable to have a Monetary policy controlled by the government as long as it expands money supply consistent with GDP growth) until the mid-1970s when it turned to new classical macroeconomics strongly based on the concept of rational expectations. Specifically, [[File:NuKeynesPix.png]] [[Keynesian School|Neo-Keynesian]] economics was developed as a response to new classical economics and Friedman's critiques to Keynesianism, electing to incorporate the idea of rational expectations without giving up the traditional Keynesian focus on imperfect competition and sticky wages.


Chicago economists have also left intellectual influence in other fields, notably in pioneering public choice theory and law and economics, which have led to revolutionary changes in the study of political sciences. The school also has some research done that has left some impact in fields as diverse as social economics and economic history. Thus, there is not a clear delineation of the Chicago school of economics, a term that is more commonly used in the popular media to refer to Friedmanite economics rather than being used in actual academic circles.
Chicago economists have also left intellectual influence in other fields, notably in pioneering public choice theory and law and economics, which have led to revolutionary changes in the study of political sciences. The school also has some research done that has left some impact in fields as diverse as social economics and economic history. Thus, there is not a clear delineation of the Chicago school of economics, a term that is more commonly used in the popular media to refer to Friedmanite economics rather than being used in actual academic circles.


== History ==
==History==


Chicagoan Libertarianism derives from the Chicago School of Economics, mainly under the teachings of Milton Friedman, albeit there were several other acclaimed economists before Friedman, commonly known as the "First Generation," ofthe  Chicago School of Economics. The most notable of these economists being, but not limited to, Frank Knight, Henry Simons, Jacob Viner, Aaron Director and Theodore Schultz, among others. These men laid the groundworks for what would soon become an Economic Revolution.
Chicagoan Libertarianism derives from the [[File:ChicagoSchool.png]] Chicago School of Economics, mainly under the teachings of Milton Friedman, albeit there were several other acclaimed economists before Friedman, commonly known as the "First Generation," of the Chicago School of Economics. The most notable of these economists being, but not limited to, Frank Knight, Henry Simons, Jacob Viner, Aaron Director and Theodore Schultz, among others. These men laid the groundworks for what would soon become an Economic Revolution.


Milton Friedman was a student of Frank Knight who would go on to write several influential pieces, of which he'd win a Nobel Peace Prize in 1976, and go on to change the framework of not only Western, but Global Economic Policy. Friedman supported Free Trade, Small Government, Limited Economic Regulation, Central Banking, Fiat Currency and Monetary Caution, among others. Friedman is often cited as one of the most famous economists in World History, influencing conservatives, liberals and libertarians alike across the world from America to China, from Chile to Sweden. His teaching are felt throughout the world to this day, and is considered as one of the greatest economists of all time.
Milton Friedman was a student of Frank Knight who would go on to write several influential pieces, of which he'd win a Nobel Peace Prize in 1976, and go on to change the framework of not only Western, but Global Economic Policy. Friedman supported Free Trade, Small Government, Limited Economic Regulation, Central Banking, Fiat Currency and Monetary Caution, among others. Friedman is often cited as one of the most famous economists in World History, influencing conservatives, liberals and libertarians alike across the world from America to China, from Chile to Sweden. His teaching are felt throughout the world to this day, and is considered as one of the greatest economists of all time.
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Friedman's Legacy still carries on to this day, with many of his students still carrying the Torch of his success. Even more leftist groups and institutions praise Friedman for his policies of limited regulation and Free Markets. He would tragically end up passing away due to Heart Failure on November 16th of 2006
Friedman's Legacy still carries on to this day, with many of his students still carrying the Torch of his success. Even more leftist groups and institutions praise Friedman for his policies of limited regulation and Free Markets. He would tragically end up passing away due to Heart Failure on November 16th of 2006


== Personality and Behaviour ==
==Personality and Behaviour==
Chicago Libertarians behave as an average kind of moderate Libertarian economist.
Chicago Libertarians behave as an average kind of moderate Libertarian economist.


== How to Draw ==
==How to Draw==
Chicago School's balls design is a combination of the [[W:Flag of Chicago|Chicagoan]] and Gadsden flags.
{{Flag|Chicagobert_flag.svg}}
{{Flag|Chicagobert_flag.svg}}
ChicagoLib's design is a combination of the Chicagoan and Gadsden flags
 
#Draw a ball,
#Draw a ball
#Draw the flag of Chicago (2 horizontal light-blue lines, with 2 red stars between them',
#Color the ball white
#Draw a black Gadsden snake,
#Add two horizontal stripes in the middle, leaving two small white bars at the top and bottom, and one large bar in the middle
#(Optional) Below the snake draw some variation of the words "Don't tread on me",
#Draw two six-pointed red stars within the middle bar, on the left and right
#Draw the eyes, and you're done!
#Between the stars, draw a black Gadsden snake
#Below the snake, in the lower white bar, draw some variation of the words ''"DON'T TREAD ON ME"''
#Draw the eyes
You're done!
 
{{Flag-auto
{{Flag-auto
|c1 = Light Blue
|c1 = Light Blue
|h1 = #C9F1FF
|h1 = #B3DDF2
|c2 = Red
|c2 = Red
|h2 = #FF0000
|h2 = #FF0000
|c3 = Black
|c3 = Black
|h3 = #141414
|h3 = #141414
}}
|c4 = White
|h4 = #FFFFFF}}


== Relationships ==
==Relationships==
=== Friends ===
===Friends===
*[[File:Hayek.png]] [[Hayekism]] - My more radical nephew who wants to completely free the banking sector.
*[[File:Hayek.png]] [[Hayekism]] - My more radical nephew who wants to completely free the banking sector.
*[[File:Paleolib.png]] [[Paleolibertarianism]] - A bit more traditional sibling.
*[[File:Paleolib.png]] [[Paleolibertarianism]] - My traditionalist sibling.
*[[File:Libertarian.png]] [[Libertarianism]] - My father who's got almost the same beliefs as me.
*[[File:Libertarian.png]] [[Libertarianism]] - My father who's got almost the same beliefs as me.
*[[File:Neoliberal-icon.png]] [[Neoliberalism]] - My best known son.
*[[File:Neoliberal-icon.png]] [[Neoliberalism]] - My best known son.
*[[File:Socliber.png]] [[Social Libertarianism]] - A bit too regulationist, but UBI is pretty cool.
*[[File:Socliber.png]] [[Social Libertarianism]] - A bit too regulationist, but UBI is pretty cool.
*[[File:Clib.png]] [[Classical Liberalism]] - My moderate Grandpa.
*[[File:Clib.png]] [[Classical Liberalism]] - My moderate Grandpa.
*[[File:Austrobert.png]] [[Austrolibertarianism]] - Good guy! Wish he liked my monetary policies more though.
*[[File:Austrobert.png]] [[Austrian School]] - Good guy! Wish he liked my monetary policies more though.
*[[File:Monet.png]] [[Monetarism]] - My forgotten son.
*[[File:Monet.png]] [[Monetarism]] - My forgotten son.
*[[File:Georgist.png]] [[Georgism]] - You're the least bad tax.
*[[File:Georgist.png]] [[Georgism]] - You're the least bad tax.
*[[File:Reactlib.png]] [[Reactionary Liberalism]] - My very old-school pal. LDP, Morsi and Shaked are especially based.


=== Frenemies ===
===Frenemies===
*[[File:Plcn2.png]] [[Paleoconservatism]] - He used to be a cool guy back in the day, but now he's a protectionist that doesn't value free trade, also ''way'' too statist.
*[[File:Plcn2.png]] [[Paleoconservatism]] - He used to be a cool guy back in the day, but now he's a protectionist that doesn't value free trade, and also ''way'' too statist.
*[[File:Ancapf.png]] [[Anarcho-Capitalism]] - Government is very important in providing law and order, property rights, and even regulations, among others. Please open up a bit.
*[[File:Ancapf.png]] [[Anarcho-Capitalism]] - Government is very important in providing law and order, property rights, and even regulations, among others. Please open up a bit.
*[[File:Pinochet-hat.png]] [[Pinochetism]] - I've already said it but I'll say it again; I never advised Pinochet, I never endorsed Pinochet. (However, I'll admit that there was indeed quite a miracle in Chile's economy!)
*[[File:Pinochet-hat.png]] [[Pinochetism]] - I've already said it but I'll say it again; I never advised Pinochet, I never endorsed Pinochet. (However, I'll admit that there was indeed quite a miracle in Chile's economy!)
*[[File:3way.png]] [[Third Way]] - Neolib, but too willing to compromise with Keynesians
*[[File:3way.png]] [[Third Way]] - Neolib, but too willing to compromise with Keynesians


=== Enemies ===
===Enemies===
*[[File:Socdem.png]] [[Social Democracy]] - They have corrupted the Western societies with their inefficient bureaucracy and their welfare states.
*[[File:Socdem.png]] [[Social Democracy]] - They have corrupted the Western societies with their inefficient bureaucracy and their welfare states.
*[[File:Rpop-tinfoilhat.png]] [[Right-Wing Populism]] - you claim to oppose the upper guy,yet you still believe in the welfare state nonsense!(VOX is somehow based though)
*[[File:Keynes.png]] [[Keynesian School]] - Way too statist, and he doesn't even know the basics of economics. <small>Your [[File:Newkeynes.png]] son is pretty cool though.</small>
*[[File:Keynes.png]] [[Keynesianism]] - Way too statist, and he doesn't even know the basics of economics. <small>Your [[File:Newkeynes.png]] son is pretty cool though.</small>
*[[File:LibSocDemIcon.png]] [[Social Libertarianism#Libertarian Social Democracy|Libertarian Social Democracy]] - Don't tread on me, you filthy fake libertarian Keynesianism simp!
*[[File:Socliber.png]] [[Social Libertarianism]] - Don't tread on me,you filthy fake libertarian Keynesianism simp!
*[[File:Nazi.png]] [[Nazism]] - They want to treat people differently before law, and killed several millions of people.
*[[File:Nazi.png]] [[National Socialism]] - They want to treat people differently before law, and killed several millions of people.
*[[File:ML.png]] [[Marxism–Leninism]] - Socialist and authoritarian. No. Just no.
*[[File:ML.png]] [[Marxism–Leninism]] - Socialist and authoritarian. No. Just no.
*[[File:Marketsoc.png]] [[Market Socialism]] - Socialist cannot have a fair market,your worker's council bureaucracy makes me want to puke and too much worker power makes it uncompetitative.not to mention many of you simps for [[File:NuKeynesPix.png]] this c*mmunist.
*[[File:Marketsoc.png]] [[Market Socialism]] - Socialists cannot have a fair market, your worker's council bureaucracy makes me want to puke and too much worker power make it uncompetitive. Not to mention many of you simp for [[File:NuKeynesPix.png]] this c*mmunist.
*[[File:Cybercom.png]] [[Cybercommunism]] - AI commie that wants to get rid of me,we kicked out you from Chile for some reason.
*[[File:Cybercom.png]] [[Cybercommunism]] - AI commie that wants to get rid of me, we kicked out you from Chile for some reason.


== Further Information ==
==Further Information==
=== Wikipedia ===
===Wikipedia===
*[[w:Chicago school of economics|Chicago school of economics]]
*[[w:Chicago school of economics|Chicago school of economics]]
*[https://en.m.wikipedia.org/wiki/Milton_Friedman Milton Friedman]
*[https://en.m.wikipedia.org/wiki/Milton_Friedman Milton Friedman]
*[https://en.wikipedia.org/wiki/Permanent_income_hypothesis Permanent income hypothesis]
*[[w:Permanent_income_hypothesis|Permanent income hypothesis]]
*[https://en.wikipedia.org/wiki/Natural_rate_of_unemployment Natural rate of unemployment]
*[[w:Natural_rate_of_unemployment|Natural rate of unemployment]]
*[https://en.m.wikipedia.org/wiki/Negative_income_tax Negative income tax]
*[https://en.m.wikipedia.org/wiki/Negative_income_tax Negative income tax]
*[https://en.wikipedia.org/wiki/Quantity_theory_of_money Quantity theory of money]
*[[w:Quantity_theory_of_money|Quantity theory of money]]
*[https://en.wikipedia.org/wiki/Monetary-disequilibrium_theory Monetary disequilibrium theory]
*[[w:Monetary-disequilibrium_theory|Monetary disequilibrium theory]]
*[https://en.m.wikipedia.org/wiki/School_voucher School voucher]
*[https://en.m.wikipedia.org/wiki/School_voucher School voucher]


=== Literature ===  
===Literature===


*[https://www.google.com/url?sa=t&source=web&rct=j&url=https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/Houghton_1965.pdf&ved=2ahUKEwiUvcq29pHuAhXS7eAKHYRhD5UQFjAFegQICRAC&usg=AOvVaw3B_KY02MG6y8gx3xdcgkK_ a program for monetary stability by Milton Friedman]
*[https://openlibrary.org/books/OL1717100M/A_program_for_monetary_stability A Program for Monetary Stability] by [[File:Friedman.png]] [[Classical Liberalism|Milton Friedman]]
*[https://www.google.com/url?sa=t&source=web&rct=j&url=http://pombo.free.fr/friedman2002.pdf&ved=2ahUKEwjJjoPC7aXuAhVzuHEKHdnfAN8QFjAAegQIARAB&usg=AOvVaw08xFWzJ50UZjQYL0FTCESk Capitalism and freedom by Milton Friedman]
*[http://pombo.free.fr/friedman2002.pdf Capitalism and Freedom] by [[File:Friedman.png]] [[Classical Liberalism|Milton Friedman]]
*[https://www.google.com/url?sa=t&source=web&rct=j&url=http://abdet.com.br/site/wp-content/uploads/2014/12/Optimum-Quantity-of-Money.pdf&ved=2ahUKEwjxgqv47qXuAhUDWhUIHeGIAFQQFjAAegQIARAB&usg=AOvVaw1jXeLCcOADxVHrdc7_UQLg&cshid=1610986134367 Optimum Quantity of Money and other essays by Milton Friedman]  
*[http://abdet.com.br/site/wp-content/uploads/2014/12/Optimum-Quantity-of-Money.pdf The Optimum Quantity of Money: And Other Essays] by [[File:Friedman.png]] [[Classical Liberalism|Milton Friedman]]
*[[File:BasicEconomics.png]] [https://riosmauricio.com/wp-content/uploads/2020/07/Basic-Economics-5th-Edition-Thomas-Sowell.pdf Basic Economics] by [[File:Sowell.png]] [[Libertarian Conservatism|Thomas Sowell]]  


<br />
<br />
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Chicagoan-Libertarianism.png|Original image
Chicagoan-Libertarianism.png|Original image
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Latest revision as of 05:11, 13 June 2023

Chicago School, also known as Chicagoan Libertarianism, is a kind of libertarian, economically center right to far-right, and culturally centrist but sometimes left-leaning political ideology.

It is used quite often to refer to Neoliberalism, although only a few economists of this school have referred to themselves as neoliberals.

It is quite a simple ideology, it's Libertarianism based on the thought of the Chicago School of Economics, which is a Neoclassical school of economics associated with the University of Chicago, mostly known for the Libertarian economist of second generation, and Nobel prize winner, Milton Friedman.

Within the precise ideas on economic believes, it is associated with the rejection of Keynesian School in favor of Monetarism (which states that it's desirable to have a Monetary policy controlled by the government as long as it expands money supply consistent with GDP growth) until the mid-1970s when it turned to new classical macroeconomics strongly based on the concept of rational expectations. Specifically,  Neo-Keynesian economics was developed as a response to new classical economics and Friedman's critiques to Keynesianism, electing to incorporate the idea of rational expectations without giving up the traditional Keynesian focus on imperfect competition and sticky wages.

Chicago economists have also left intellectual influence in other fields, notably in pioneering public choice theory and law and economics, which have led to revolutionary changes in the study of political sciences. The school also has some research done that has left some impact in fields as diverse as social economics and economic history. Thus, there is not a clear delineation of the Chicago school of economics, a term that is more commonly used in the popular media to refer to Friedmanite economics rather than being used in actual academic circles.

History

Chicagoan Libertarianism derives from the Chicago School of Economics, mainly under the teachings of Milton Friedman, albeit there were several other acclaimed economists before Friedman, commonly known as the "First Generation," of the Chicago School of Economics. The most notable of these economists being, but not limited to, Frank Knight, Henry Simons, Jacob Viner, Aaron Director and Theodore Schultz, among others. These men laid the groundworks for what would soon become an Economic Revolution.

Milton Friedman was a student of Frank Knight who would go on to write several influential pieces, of which he'd win a Nobel Peace Prize in 1976, and go on to change the framework of not only Western, but Global Economic Policy. Friedman supported Free Trade, Small Government, Limited Economic Regulation, Central Banking, Fiat Currency and Monetary Caution, among others. Friedman is often cited as one of the most famous economists in World History, influencing conservatives, liberals and libertarians alike across the world from America to China, from Chile to Sweden. His teaching are felt throughout the world to this day, and is considered as one of the greatest economists of all time.

Friedman's Legacy still carries on to this day, with many of his students still carrying the Torch of his success. Even more leftist groups and institutions praise Friedman for his policies of limited regulation and Free Markets. He would tragically end up passing away due to Heart Failure on November 16th of 2006

Personality and Behaviour

Chicago Libertarians behave as an average kind of moderate Libertarian economist.

How to Draw

Chicago School's balls design is a combination of the Chicagoan and Gadsden flags.

Flag of Chicago School
  1. Draw a ball
  2. Color the ball white
  3. Add two horizontal stripes in the middle, leaving two small white bars at the top and bottom, and one large bar in the middle
  4. Draw two six-pointed red stars within the middle bar, on the left and right
  5. Between the stars, draw a black Gadsden snake
  6. Below the snake, in the lower white bar, draw some variation of the words "DON'T TREAD ON ME"
  7. Draw the eyes

You're done!

Color Name HEX RGB
Light Blue #B3DDF2 179, 221, 242
Red #FF0000 255, 0, 0
Black #141414 20, 20, 20
White #FFFFFF 255, 255, 255


Relationships

Friends

Frenemies

  • Paleoconservatism - He used to be a cool guy back in the day, but now he's a protectionist that doesn't value free trade, and also way too statist.
  • Anarcho-Capitalism - Government is very important in providing law and order, property rights, and even regulations, among others. Please open up a bit.
  • Pinochetism - I've already said it but I'll say it again; I never advised Pinochet, I never endorsed Pinochet. (However, I'll admit that there was indeed quite a miracle in Chile's economy!)
  • Third Way - Neolib, but too willing to compromise with Keynesians

Enemies

  • Social Democracy - They have corrupted the Western societies with their inefficient bureaucracy and their welfare states.
  • Keynesian School - Way too statist, and he doesn't even know the basics of economics. Your son is pretty cool though.
  • Libertarian Social Democracy - Don't tread on me, you filthy fake libertarian Keynesianism simp!
  • Nazism - They want to treat people differently before law, and killed several millions of people.
  • Marxism–Leninism - Socialist and authoritarian. No. Just no.
  • Market Socialism - Socialists cannot have a fair market, your worker's council bureaucracy makes me want to puke and too much worker power make it uncompetitive. Not to mention many of you simp for this c*mmunist.
  • Cybercommunism - AI commie that wants to get rid of me, we kicked out you from Chile for some reason.

Further Information

Wikipedia

Literature


Gallery

  • Credit: u/oRange_PCB, Source

    Credit: u/oRange_PCB, Source

  • Original image

    Original image

  • u/CoolingDev Source

    u/CoolingDev Source

Navigation

  1. ↑ Some of the Chicago Boys, such as Álvaro Bardónand Sergio de Castro, even saw dictatorship as the ideal regime to ensure market neutrality. De Castro, who had a leadership role with the Chicago Boys, wrote that "a person's actual liberty can only be secured by an authoritarian regime that exercises violence by enforcing equal rules for all."
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