Posted on 06/23/2012 5:12:32 AM PDT by 1rudeboy
NEW YORK — Anna J. Schwartz, a research economist who wrote monumental works on US financial history in collaboration with Nobel laureate Milton Friedman while remaining largely in his shadow, died Thursday at her home in New York City. She was 96.
Her death was confirmed by her daughter, Naomi Pasachoff.
Dr. Schwartz, who earned her doctorate in economics at age 48 and dispensed policy appraisals well into her 90s, was often called the ‘‘high priestess of monetarism,’’ upholding a school of thought that maintains that the size and turnover of the money supply largely determines the pace of inflation and economic activity.
The Friedman-Schwartz collaboration — ‘‘A Monetary History of the United States, 1867-1960,’’ a book of nearly 900 pages published in 1963 — is considered a classic. Ben S. Bernanke, chairman of the Federal Reserve, called it ‘‘the leading and most persuasive explanation of the worst economic disaster in American history.’’
The authors concluded that policy failures by the Fed, which largely controls the money supply, were one of the root causes of the Depression.
(Excerpt) Read more at boston.com ...
fyi
RIP.
bookmark
RIP. Gawd, the best ones always pass quietly. Like Oriana Fallaci, if you dare contradict the Fool’s Orthodoxy, you’re a non-fool and are treated as such.
I found the headline to be a bit “strange,” even.
There must be something about these monetarists and “free to choose” type of economists that give them such long lives.
Consider:
Milton Friedman, lived to be 94
Rose Friedman, lived to be 98
And now Anna Schwartz, 96.
Does she have a replacement with the intellectual prowess to continue undermining the socialist agenda? She’ll be missed.
Milton was very vocal about his support of capitalism. He wasn’t going to live in anyone’s shadow and he cast quite a big one. Nevertheless, it’s sad when someone like Ms. Swartz passes.
IIRC, ALL US economic disasters have been caused by the Federal Government.
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