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An initial 'Keynesian illness'? Friedman on taxation and the inflationary gap

Enrico Levrero ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines Friedman’s writings in the years 1941-1943 and compares them with those after the war with a view to assessing differences and similarities. Albeit a first assessment, Friedman’s “Keynesian illness” in his ‘Washington phase’ will appear to have been less ‘serious’ and deep than he himself feared.

Keywords: Friedman; inflationary gap; price inflation; spending tax; quantity theory of money (search for similar items in EconPapers)
JEL-codes: B22 B31 E31 E51 (search for similar items in EconPapers)
Date: 2015-12-28
New Economics Papers: this item is included in nep-his, nep-hpe and nep-mac
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Journal Article: An initial ‘Keynesian illness’? Friedman on taxation and the inflationary gap (2018) Downloads
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