Questions tagged [friedman]
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Why was Friedman so wrong about inflation?
In a famous 1977 lecture, Milton Friedman claims that inflation depends purely on the monetary policy and he proves it with a convincing chart (youtube video here)
I have reproduced his chart using ...
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Difference between IS curve viewed by Keynes and by Friedman
In my economics lectures, we are going through Keynes vs Friedman. As far as I got we have a downward sloping IS curve in the IS-LM model. We get this curve from the Keynesian cross when the rate of ...
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Why Certainity Eqivalence in PIH only holds for quadratic utilities
In my current macro economics course, it has been stated that there is certainty equivalence in the random walk permanent income hypothesis ("which implies individuals act as if future consumption was ...
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Friedman rule vs Friedman's k-percent rule
Friedman has stated in his "k-precent rule" that the money supply should increase by a fixed percentage each year.
On the other hand, the "Friedman rule" states that the nominal interest rate should ...
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Why in some models the Friedman rule is not optimal?
I want to know why in some models the Friedman rule stops being optimal. For example, in some models like MIU or CIA, where usually you don't have leisure, the Friedman rule is optimal. But in other ...
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What was Milton Friedman's opinion of Supply-side economics?
I realize Friedman was a part of the Reagan Administration, so even if he disapproved of supply-side, he may have moderated his remarks, but what kind of things did he say about it, and what can be ...
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Inflation, cause or result of monetary emission?
The argentine economist Fernanda Vallejos, while trying to protect the government because of the inflation, the following:
Inflation is not the result but the cause of monetary emission. As
there'...
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Friedman k% applied to cryptocurrency
Follow on to this question:
Would a cryptocurrency with a base that expanded at a fix rate face fewer difficulties than one with a stagnant base?
Edit:
I'm referring specifically to the issues raised ...
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