Milton Friedman and U.S. Monetary History: 1961-2006

Nelson, Edward

doi:10.2139/ssrn.958933

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Milton Friedman and U.S. Monetary History: 1961-2006

FRB of St. Louis Working Paper No. 2007-002B

52 Pages Posted: 23 Jan 2007

See all articles by Edward Nelson

Edward Nelson

Board of Governors of the Federal Reserve System

Date Written: March 2007

Abstract

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

Nelson, Edward, Milton Friedman and U.S. Monetary History: 1961-2006 (March 2007). FRB of St. Louis Working Paper No. 2007-002B, Available at SSRN: https://ssrn.com/abstract=958933 or http://dx.doi.org/10.2139/ssrn.958933