👉 Greenbackism is a political ideology that advocates for a free-market economy, deregulation of business and trade, and a reduction in government intervention in the economy. It was popularized by economist Milton Friedman in the 1950s and later became influential within the United States Republican Party. The term "greenbackism" refers to a belief that governments should not interfere with markets and businesses, and instead focus on the free market as the primary driver of economic growth and prosperity. This ideology