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A Macat Analysis of Milton Friedman's The Role of Monetary Policy
- Narrated by: Macat.com
- Length: 1 hr and 57 mins
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A Macat Analysis of Milton Friedman's The Role of Monetary Policy
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Publisher's summary
Milton Friedman's 1968 paper "The Role of Monetary Policy" changed the course of economic theory. In just 17 pages, Friedman outlined an effective government monetary policy designed to achieve the goals of broader economic strategy, namely "high employment, stable prices, and rapid growth."
Friedman did not just demonstrate that monetary policy plays a vital role in broader economic stability. He also argued that economists got their monetary policy wrong in the 1950s and 1960s by misunderstanding the relationship between inflation and unemployment. In Friedman's view, previous generations of economists had no justification for believing that governments could permanently decrease unemployment by allowing inflation - and vice versa. Friedman's most original contribution was to propose that this relationship between unemployment and inflation only worked in the short term.
The Economist magazine described Milton Friedman as "the most influential economist of the second half of the 20th century ... possibly of all of it." And "The Role of Monetary Policy" remains highly influential.
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Story4.5 out of 5 stars 1,006
Years ago, after suffering a humiliatingly large dumb tax, it dawned on me that I have a seemingly unlimited ability to hit unforced errors and sabotage my business and financial success. I suspect you do, too. It turns out that the key to getting rich (and staying that way) is to avoid doing stupid things. I don't need to do more smart things. I just need to make fewer dumb mistakes. The vast majority of our dumb tax is a direct result of emotional, overly optimistic, and poorly thought out decisions.
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1 out of 5 stars
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Couldn't finish it
- By Paul on 08-04-18
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Money. Wealth. Life Insurance.
- How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings
- By: Jake Thompson
- Narrated by: Alan Caudle
- Length: 1 hr and 27 mins
- Unabridged
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Overall4.5 out of 5 stars 1,299
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Performance4.5 out of 5 stars 1,067
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Story4.5 out of 5 stars 1,058
America's elite have been using cash value life insurance to stockpile wealth for centuries. Used correctly, it is better described as a personal bank on steroids, and a financial bunker for tough times. To be clear, this audiobook is not about the typical garbage peddled by most insurance agents. Rather, an alternative to the risky investment strategies taught by Wall Street. It details a highly efficient form of cash value life insurance designed to supercharge your savings and stockpile wealth.
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1 out of 5 stars
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what the heck was this?
- By Gladys Torres on 10-20-16
By: Jake Thompson
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One Million Followers, Updated Edition
- How I Built a Massive Social Following in 30 Days
- By: Brendan Kane
- Narrated by: Brendan Kane
- Length: 7 hrs and 50 mins
- Unabridged
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Overall4.5 out of 5 stars 307
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Performance4.5 out of 5 stars 261
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Story4.5 out of 5 stars 260
In One Million Followers, Kane will teach you how to gain an authentic, dedicated, and diverse online following from scratch; create personal, unique, and valuable content that will engage your core audience; and build a multimedia brand through platforms like Facebook, Instagram, YouTube, Snapchat, and LinkedIn.
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1 out of 5 stars
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A Very Poor Read
- By AnthonyB on 04-14-21
By: Brendan Kane