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A Monetary History of the United States, 1867–1960 is a book written in 1963 by future Nobel Prize-winning economist Milton Friedman and Anna Schwartz.It uses historical time series and economic analysis to argue the then-novel proposition that changes in the money supply profoundly influenced the United States economy, especially the behavior of economic fluctuations.
Instruments of monetary policy have included short-term interest rates and bank reserves through the monetary base. [1]With the creation of the Bank of England in 1694, which acquired the responsibility to print notes and back them with gold, the idea of monetary policy as independent of executive action began to be established. [2]
Governments should aim for a neutral monetary policy oriented toward long-run economic growth, by gradual expansion of the money supply. He advocated the quantity theory of money, that general prices are determined by money. Therefore, active monetary (e.g. easy credit) or fiscal (e.g. tax and spend) policy can have unintended negative effects.
The American Monetary Institute is a non-profit charitable trust established by Stephen Zarlenga in 1996 for the "independent study of monetary history, ...
The chief of the bipartisan National Monetary Commission was Nelson Aldrich, a financial expert and Senate Republican leader. Aldrich set up two commissions – one to study the American monetary system in depth and the other, headed by Aldrich, to study and report on the European central-banking systems. [9]
Gouge worked as an editor of the Philadelphia Gazette until 1831, gaining a reputation as an expert on the American monetary system. [2] In 1829, Gouge joined several members of the Working Men's Party and some other Philadelphians in publishing an influential report that claimed that banks "laid the foundation of artificial inequality of wealth, and, thereby, artificial inequality of power."
In 1996, he founded the American Monetary Institute, established as a 4947(a)(1) trust, dedicated to the "independent study of monetary history, theory and reform." He authored numerous articles and books, and gave lectures, participated in conferences and gave testimony to government committees, on "monetary reform."
Accounting records – in the monetary system sense of the term accounting – dating back more than 7,000 years have been found in Mesopotamia, [7] and documents from ancient Mesopotamia show lists of expenditures, and goods received and traded and the history of accounting evidences that money of account pre-dates the use of coinage by ...