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Persistent link: https://www.econbiz.de/10014309384
This paper argues that Milton Friedman’s failed to recognize the asset bubbles leading up to the financial crisis of 2007-2008. It attributes this failure to the inductivist method that Friedman and Anna Schwartz used to formulate the quantity theory at the heart of the doctrine of monetarism....
Persistent link: https://www.econbiz.de/10013404762