“The Role of Monetary Policy”
“There is wide agreement about the major goals of economic policy: high employment, stable prices, and rapid growth. There is less agree-ment that these goals are mutually compatible or, among those who re-gard them as incompatible, about the terms at which they can and should be substituted for one another. There is least agreement about the role that various instruments of policy can and should play in achieving the several goals.” Read more.
“The Role of Monetary Policy”
Milton Friedman
The American Economic Review, Vol. 58, No. 1 (Mar., 1968), pp. 1-17.
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