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Counter-Revolution in Monetary Theory. In Explorations in Economic Liberalism (pp. three?21). Palgrave Macmillan, London. “It is exactly this leeway, this looseness in the relation, this lack of a mechanical one-to-one correspondence between adjustments in cash and in income that is the primary reason why I actually have lengthy favored for the USA a quasi-automatic monetary policy underneath which the amount of cash would grow at a gentle fee of 4 or 5 per cent per 12 months, month-in, month-out.” Friedman, M., & Schwartz, A.J. . Has authorities any position in cash?. journal of Monetary Economics, 17, 37?sixty two. “Milton Friedman, a giant amongst economists”. The Economist. November 23, 2006. Archived from the unique on February 17, 2008. Retrieved February 20, 2008. Amazing cat lovers vintage cats full over printed area rugBecause of his involvement with the Pinochet authorities, there have been international protests when Friedman was awarded the Nobel Prize in 1976. Friedman was accused of supporting the navy dictatorship in Chile because of the relation of economists of the University of Chicago to Pinochet, and a controversial seven-day trip he took to Chile during March 1975 . Friedman answered that he never was an adviser to the dictatorship, but solely gave some lectures and seminars on inflation, and met with
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