Friedman, Milton - In: Journal of Economic Perspectives 19 (2005) 4, pp. 145-150
The third of three episodes in a major natural experiment in monetary policy that started more than 80 years ago is … policy in the Great Contraction. They also support the view that monetary policy deserves much credit for the mildness of the … income and to stock prices. The results strongly support Anna Schwartz's and my 1963 conjecture about the role of monetary …