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Milton Friedman and the financial crisis of 2008
We find Milton Friedman, in part, guilty of leading to the monetary meltdown of fall 2008, at least, that is, his ideas, concerning gold, the Fed, monetary policy, flexible exchanges rates and other elements of international financial arrangements. However, contrary to the views of some Austrian eco...
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| Published in: | American review of political economy 2012-06, Vol.10 (1/2), p.2 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| container_title | American review of political economy |
| container_volume | 10 |
| creator | Block, Walter E Barnett, William |
| description | We find Milton Friedman, in part, guilty of leading to the monetary meltdown of fall 2008, at least, that is, his ideas, concerning gold, the Fed, monetary policy, flexible exchanges rates and other elements of international financial arrangements. However, contrary to the views of some Austrian economists, we take the position that had his 3% rule for the annual expansion of the money stock been followed by the Fed, the Austrian Business Cycle of late 2008 would not have occurred. [PUBLICATION ABSTRACT] |
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| identifier | ISSN: 1551-1383 |
| ispartof | American review of political economy, 2012-06, Vol.10 (1/2), p.2 |
| issn | 1551-1383 1551-1383 |
| language | eng |
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| source | ABI/INFORM global; Politics Collection; ProQuest Social Science Premium Collection |
| subjects | Business cycles Currency Deflation Economic crisis Economic theory Economists Fixed exchange rates Floating exchange rates Foreign exchange rates Friedman, Milton Gold Gold standard Inflation Interest rates International finance Monetary policy Studies Wage & price controls |
| title | Milton Friedman and the financial crisis of 2008 |
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