QUESTION: Why did they act that way? What was their theory? MILTON FRIEDMAN: It was a combination of internal power struggle within the system between the several Federal Reserve Banks ...

The theory is an accounting identity—that is ... In a speech during a celebration of Milton Friedman’s 90th birthday in late 2002, then-Fed governor Ben S. Bernanke, who would become chairman four ...

It‘s obvious that a new influx of money will not immediately bring about changes in enough prices to significantly alter a ...

Oliver Hart: The basic idea - it starts from something that Milton Friedman said in an article ... in economics in 2016 for his work in contract theory and is the author of "Firms, Contracts ...

Opinions expressed by Forbes Contributors are their own. In a video that’s gone viral, the late Milton Friedman correctly asserts about inflation that “consumers don’t produce it,” and ...

Your Artstor image groups were copied to Workspace. The Artstor website will be retired on Aug 1st. The Journal of Economic Perspectives Vol. 32, No. 1, Winter 2018 Friedman's Presidential Address in ...

The theory states that monetary supply multiplied ... levels should increase with monetary supply and vice versa. Milton Friedman, the best-known proponent of monetarism, even went so far as ...

“Inflation is always and everywhere a monetary phenomenon,” Milton Friedman once said ... the left-wing policy known as Modern Monetary Theory (MMT). This is the “theory” that our ...

Taylor, John B. 2001. "An Interview with Milton Friedman." Macroeconomic Dynamics 5(1): 101–31. Tobin, James. 1967. "Unemployment and Inflation: The Cruel Dilemma." In Prices: Issues in Theory, ...

Though standing around five feet tall, Milton Friedman was a giant among economists in the 20th century. Arguably only John Maynard Keynes walked as easily in the halls of power, academia ...

For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics—from Milton Friedman’s ideas on monetary policy and Gary Becker’s theory of human capital to ...