Authors:

  • Michael D. Bordo

Excerpt

Not Just the Great Contradiction: Friedman and Schwartz's a Monetary History of the United States 1867 to 1960. Michael D. Bordo, February 2013, Paper. "A Monetary History of the United States 1867 to 1960 published in 1963 was written as part of an extensive NBER research project on Money and Business Cycles started in the 1950s. The project resulted in three more books and many important articles. A Monetary History was designed to provide historical evidence for the modern quantity theory of money. The principal lessons of the modern quantity theory of the long-run neutrality of money, the transitory effects..." Link verified March 28, 2014