The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's "Who Was Milton Friedman?"
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We are indebted to David Laidler and Lawrence White for helpful correspondence on the subject matter of this paper. Justin Hauke and Faith Weller provided research assistance. The views expressed in this paper are those of the authors, and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, the Board of Governors, or the National Bureau of Economic Research.