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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.


Vol. 89, No. 3 (Posted 2007-05-01)

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

by Edward Nelson

This paper, using extensive archival material from several countries, brings together 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). The author evaluates these interpretations and predictions in light of subsequent events.

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