Milton Friedman and U.S. Monetary History: 1961-2006
FRB of St. Louis Working Paper No. 2007-002B
52 Pages Posted: 23 Jan 2007
Date Written: March 2007
This paper brings together, using extensive archival material from several countries, scattered information about Milton Friedman's views and predictions regarding U.S. monetary policy developments after 1960 (i.e., the period beyond that covered by his and Anna Schwartz's Monetary History of the United States). I evaluate these interpretations and predictions in light of subsequent events.
Keywords: Milton Friedman, monetary history, inflation, money supply, interest rates
JEL Classification: E31, E51, E52, E58
Suggested Citation: Suggested Citation