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Essay

Why And How

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Issue:

Social Issues

 

Written by:

Nancy N

 

Date added:

January 25, 2015

 

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A

 

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2 / 368

 

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He rejected the Phillips Curve and accurately predicted that Keynesian policies would cause "stagflation" (high inflation and low growth). He argued that a steady expansion of the money supply was the only wise policy, and warned against efforts by the treasury or central bank to do otherwise. Influenced by his close friend George Stigler, Friedman opposed government regulation of all sorts...
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He argued that a steady expansion of the money supply was the only wise policy, and warned against efforts by the treasury or central bank to do otherwise. Influenced by his close friend George Stigler, Friedman opposed government regulation of all sorts. He once stated that his role in eliminating the U...
displayed 300 characters

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