This man wrote about simplicity and fruitfulness in his essay "The Methodology of Positive Economics
This man wrote about simplicity and fruitfulness in his essay "The Methodology of Positive Economics". He suggested that the nominal interest rate be set to zero in his namesake rule and said that banks should increase the money supply every year in his k-percent rule. He argued that Keynesian economics result in stagflation on his program Free to Choose, and he wrote that inflexible monetary policy during the 1920s caused the market crash in a work he coauthored with Anna Schwartz. This winner of the 1976 Nobel Prize in Economics also held a belief that money supply determines the direction of a nation's economy. Name this author of A Monetary History of the United States, a leading monetarist from the Chicago school.
This man wrote about simplicity and fruitfulness in his essay "The Methodology of Positive Economics".
Milton {Friedman}