Milton Friedman and U.S. Monetary History:
1961-2006
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. (JEL E31, E51, E52, E58)
Federal Reserve Bank of St. Louis Review, May/June 2007, 89(3), pp. 153-82.