Economics, Econometrics and Finance
6 years ago

Friedman's 'Keynesian illness' less severe than feared, new study finds.

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RePEc: Research Papers in Economics
An initial 'Keynesian illness'? Friedman on taxation and the inflationary gap
Enrico Sergio Levrero

Paper Summary

The article looks at Friedman's ideas on taxes and inflation before and after World War II. It shows that his views changed over time. In the early 1940s, Friedman was worried about following Keynesian economics too closely, but later on, he wasn't as concerned.

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