Download e-book for iPad: A Program For Monetary Stability by Milton Friedman

By Milton Friedman

ISBN-10: 0585171114

ISBN-13: 9780585171111

ISBN-10: 0823203719

ISBN-13: 9780823203710

Ebook by way of Friedman, Milton

Show description

Read or Download A Program For Monetary Stability PDF

Similar money & monetary policy books

Get Public Expenditure Analysis PDF

For varied reasons¡Vwhether philosophical, political, humanitarian, or by way of institutional mandate¡Vpeople are involved for the health of the main weak teams in society: ladies, the negative, and the aged. a few might even degree the price of a political procedure through how good it cares for the least of its individuals.

Download PDF by J. D. Sachs: Macroeconomics and Health: Investing in Health for Economic

In keeping with the necessity to position wellbeing and fitness on the centre of the advance schedule, the Director-General of WHO appointed a fee on Macroeconomics and healthiness such as a bunch of best economists and well-being specialists. the result of their paintings is gifted during this record which deals a brand new procedure for making an investment in well-being for financial improvement, particularly within the world's poorest nations.

The Politics of Money: Towards Sustainability and Economic - download pdf or read online

Prime author Boris Kagarlitsky bargains an formidable account of one thousand years of Russian historical past.

A Program For Monetary Stability by Milton Friedman PDF

Ebook by means of Friedman, Milton

Extra info for A Program For Monetary Stability

Sample text

S. monetary policy clearly stands out as a major factor in this sharp rise and fall in prices and economic activity, not only in the United States but also internationally. To say this is not to criticize Page 17 the monetary authorities, given their problem. The Federal Reserve System had been established in the expectation that the gold standard would continue to be the major determinant of the stock of money. No sooner had it been established than the war produced a large-scale abandonment of the gold standard.

7 The thesis is almost self-evident for the major inflations of our history. These have all been associated with war and were quite clearly produced by the use of the printing press or its equivalent to finance governmental expenditures. This is true of the Revolutionary War inflation, which made "continental" a synonym for worthlessness, and of the sizable increases in prices during the War of 1812, the Civil War, World War I, and World War II. In none of these wars, including the Revolution, was the use of the printing press necessarily unwise, given the alternatives available to the policy makers at the time.

There was a natural if regrettable tendency to wait too long before stepping on the brake, as it were; then to brake too hard; then, when this did not bring monetary expansion to a halt very shortly, to brake yet again. During the rest of the 1920's, both the stock of money and economic activity were relatively stable. These years produced widespread confidence, both inside and outside the System, that the new monetary arrangements were producing a high degree of stability and could continue to do so.

Download PDF sample

A Program For Monetary Stability by Milton Friedman


by Jeff
4.2

Rated 4.15 of 5 – based on 3 votes