Interesting mentioning Latin America and Chile here, Friedman was a big fan of Pinochet in Chile, as Pinochet implemented Friedman's ideas by torturing, killing, and disappearing thousands, all under the guise of of stopping inflation.
however, i'm gonna push back on the idea that people were fleeing cuba because of castro's economics versus the US sanctions that crippled the economy
Source for Friedman's suggestions to "torture, kill, and disappear thousands"?
"In the famous case of Chile with Mr. Allende in power, he produced an inflation which was one of the major factors that caused the economic catastrophe that led to the replacement of his government by a military dictatorship."
It seems like Friedman in myopically focusing on economics of Chile, while the real reason for the coup was something entirely different. The real lesson here is not to take history lessons from economists.
> Committee witnesses maintain that some of the Chicago boys received CIA funds for such research efforts as a 300-page economic blueprint that was given to military leaders before the coup.
To say that Friedman didn't endorse the violent behavior directly is a technicality.
kidding aside, Chile has one of the most successful south american economies to date, and it's mainly thanks to their monetary discipline as advocated by the Chicago school.
Kidding aside, Friedman and Pinochet did not bolster Chile's economy.
Consider their cousin Venezuela that also has nationalized resource industries but has otherwise promoted policies contrary to Friedman's advice. As a result they have economic conditions comparable to North Korea.
To say Chile's economic success is only due to nationalization of industry is inconsistent with the outcome.