The connection between money growth and inflation is a key topic in monetary economics from "summary" of A Monetary History of the United States, 1867-1960 by Milton Friedman,Anna Jacobson Schwartz
The relationship between the growth of the money supply and the rate of inflation is a central concern in the field of monetary economics. The extent to which changes in the money supply lead to changes in the overall price level has been a subject of much debate and analysis over the years. In our study, we delve into the historical data of the United States from 1867 to 1960 to shed light on this important connection. By examining the patterns and trends in money growth and inflation rates over this period, we aim to uncover the underlying mechanisms that drive these economic phenomena. Through rigorous empirical analysis and careful statistical modeling, we seek to identify the causal link between changes in the money supply and fluctuations in the general price level. Our research reveals that variations in the...
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