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

  title={Milton Friedman and U.S. Monetary History: 1961-2006},
  author={Edward Nelson},
  journal={Monetary Economics eJournal},
  • Edward Nelson
  • Published 1 March 2007
  • Economics
  • Monetary Economics eJournal
This paper brings together, using extensive archival material from several countries, 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). I evaluate these interpretations and predictions in light of subsequent events. 

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In the preface to A Monetary History of the United States, 1867-1960 (1963), Milton Friedman and Anna Schwartz noted that "some statistical series we use in this book are explained in full in the