He theorized there existed a "natural" rate of unemployment and argued that governments could only increase employment above this rate, e.g., by increasing aggregate demand, only for as long as inflation was accelerating. Friedman actively participated in public debates over numerous policy issues; he was a major advisor to Republican U.S. President Ronald Reagan and Conservative British Prime Minister Margaret Thatcher. In the field of statistics, Friedman developed the sequential sampling method of analysis.
![} } ] By Friedman, Milton on Nov-15-2002](https://images.searchub.com/l-d15/friedman-milton-nov-15-2002.jpg "} } ] By Friedman, Milton on Nov-15-2002")
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