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This man's namesake rule advocates setting the nominal interest rate at zero, and his proposition that money supply should be increased by a constant percentage rate annually is his namesake k-percent rule. This man proposed reducing government deficit and stopping the creation of more money, contributing to the "Chilean Miracle." This economist argued that policies adopted by the Federal Reserve worsened the Great Depression in a work he co-authored with Anna Schwartz, A Monetary History of the United States. For 10 points, name this Nobel Prize-winning founder of the Chicago school of economics and author of Capitalism and Freedom.
This man's namesake rule advocates setting the nominal interest rate at zero, and his proposition that money supply should be increased by a constant percentage rate annually is his namesake k-percent rule.
Milton Friedman