Friedman's 'A Monetary History of the United States' changed the economics profession's view of inflation—shifting it from multiple competing explanations toward the consensus that changes in the money supply cause inflation—through laboriously meticulous (though statistically unsophisticated) analysis.
causalpending
Speaker
Russ RobertsEvidence Quote
“most economists for a variety of reasons partly the book partly experienced have come to believe that monetary causes are the source of inflation”
Created: 6/17/2026, 10:31:42 AM
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