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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.
Although the book was described by the Cato Institute as among the greatest economics books in the 20th century, and A Monetary History of the United States is widely considered to be among the most influential economics books ever made, [248] [249] it has endured criticisms for its conclusion that the Federal Reserve was to blame for the Great ...
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]
"The Case for Free Trade" with Rose Friedman, 1997, Hoover Digest magazine article; Money Mischief: Episodes in Monetary History (1994) ISBN 0-15-162042-3, 28 6 pp. George Stigler: A Personal Reminiscence, Journal of Political Economy Vol. 101, No. 5 (Oct., 1993), pp. 768–73 JSTOR
Free to Choose: A Personal Statement is a 1980 book by economists Milton and Rose D. Friedman, accompanied by a ten-part series broadcast on public television, that advocates free market principles. It was primarily a response to an earlier landmark book and television series The Age of Uncertainty , by the noted economist John Kenneth Galbraith .
In a 1964 article, [5] educator and historian Henry Littlefield outlined an allegory in the book of the late-19th-century debate regarding monetary policy.According to this view, for instance, the Yellow Brick Road represents the gold standard, and the Silver Shoes (Ruby slippers in the 1939 film version) represent the Silverites' wish to maintain convertibility under a sixteen to one ratio ...
The American Monetary Institute is a non-profit charitable trust established by Stephen Zarlenga in 1996 for the "independent study of monetary history, theory and reform." Aims [ edit ]
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."