system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What Are The Principles Of Chicago School Economics?

What are the principles of Chicago School Economics? The Pros and Cons?
gpt
The core principles include favor of free markets and supply-side economics as opposed to Keynesian economics. It prefers monetary policy as opposed to fiscal policy. Probably the most influential scholar was Milton Friedman, who may be the most influential economist in modern day. It continues to have strong influence among a significant faction of the GOP in U.S politics. This faction would be best described as neoliberal, libertarian, or classical liberal. The demographics tend to be the most affluent and influential. 

I can't tell you its pros or cons because that is subjective and political.