This author of Capitalism and Freedom supported freely-floating exchange rates and long-run monetary neutrality, becoming the leader of the monetarist school.
In A Theory of the Consumption Function, this man posited that economic decisions are based on expected future income rather than current income, his permanent income hypothesis. With Edmund Phelps, he developed the concept of a natural rate of unemployment. This critic of the Philips curve collaborated with Anna Schwartz on A Monetary History of the United States. This author of Capitalism and Freedom supported freely-floating exchange rates and long-run monetary neutrality, becoming the leader of the monetarist school. For 10 points, name this Chicago School economist.
In A Theory of the Consumption Function, this man posited that economic decisions are based on expected future income rather than current income, his permanent income hypothesis.
Milton {Friedman}