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 Roberts

Evidence 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

Source

Ian Ayres on Super Crunchers and the Power of Data 10/22/2007EconTalk
Created: 6/17/2026, 10:31:42 AM

My Notes

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