This economist's namesake rule recommends setting nominal interest rates to zero, and his concept of a Non-Accelerating Inflation Rate of Unemployment formed the basis for his rejection of the Phillips curve.
This economist's namesake rule recommends setting nominal interest rates to zero, and his concept of a Non-Accelerating Inflation Rate of Unemployment formed the basis for his rejection of the Phillips curve. This economist's criticism of the (*) Keynesian consumption function led to his development of the Permanent Income Hypothesis. The author of A Monetary History of the United States with Anna Schwartz as well as Free to Choose and Capitalism and Freedom, for 10 points, name this monetarist free-market economist of the Chicago School.
This economist's namesake rule recommends setting nominal interest rates to zero, and his concept of a Non-Accelerating Inflation Rate of Unemployment formed the basis for his rejection of the Phillips curve.
Milton {Friedman}