- published: 05 May 2014
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Choose may refer to:
"Choose the right" is a saying or motto among members of The Church of Jesus Christ of Latter-day Saints (LDS Church) that is taught to children and used by members of the church as a reminder to act righteously. The phrase is taken from an LDS hymn which has that title.
The letters CTR, a reference to this phrase, are incorporated into a shield logo designed by Helen Alldredge, a Primary General Board member in the 1960s. In 1970, a church committee headed by Naomi W. Randall recommended that the shield be incorporated into official church material. Since then, both the phrase and symbol have been used in religious educational materials for LDS youth of Primary age. The symbol is also used in LDS culture by members of all ages, both as a reminder of the motto, as well as an indicator of religious affiliation. The CTR initials, displayed on the shield and in other forms, can be seen mainly on CTR rings as well as other types of jewelry, tee shirts, bookmarks and stationery.
According to the US Patent and Trademark Office, the LDS Church's stylized "CTR" abbreviation and shield with the CTR symbol are trademarked for use on finger ring jewelry by Intellectual Reserve. The phrase "Choose the Right," however, is not trademarked in the United States and may be used by anyone for commercial purposes.[citation needed]
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century behind John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century…possibly of all of it."
Friedman's challenges to what he later called "naive Keynesian" (as opposed to New Keynesian) theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing activist Keynesian government policies. In the late 1960s he described his own approach (along with all of mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural" rate of unemployment, and argued that governments could increase employment above this rate (e.g., by increasing aggregate demand) only at the risk of causing inflation to accelerate. He argued that the Phillips curve was not stable and predicted what would come to be known as stagflation. Friedman argued that, given the existence of the Federal Reserve, a constant small expansion of the money supply was the only wise policy.