The U.S. government's intervention into the financial system goes against everything the Chicago School of economics and its leader, Milton Friedman, stood for, according to Chicago School market theorists. Disciples of Friedman and the University of Chicago's free-market approach to economics are battling moves by the government that have become more sweeping than anything since the Great Depression. Meanwhile, President-elect Barack Obama, who taught constitutional law at the university, is preparing to jump into the debate.

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