If You Continue To Use Monetary Policy To Attempt To Promote Full Employment The Result Would Be That You Would Have Higher Inflation, And That You Would Not Have Lower Unemployment.

-Milton Friedman

Please Wait....
Translating....

If You Continue To Use Monetary Policy

Milton Friedman

If You Continue To Use Monetary Policy To Attempt To Promote Full Employment The Result Would Be That You Would Have Higher Inflation, And That You Would Not Have Lower Unemployment.

Topic

Would Be

Unemployment

Use

More From Milton Friedman

There's Only One Thing That All Of The Central Banks Control And That Is The Base, Their Own Liability, And They Can Control That In Various Ways. They Can Control It Directly By Open Market Operations, Buying And Selling Government Securities Or Other Assets, For Example, Buying And Selling Gold, Or They Can Control It Indirectly By Altering The Rate At Which Banks Lend To One Another.

Government

Gold

Way