/lit/ - Literature

>>18438264
Friedman was the star pupil of, successor to, and completer of Keynes work. I ain't joking anon.

Keynes theory was incomplete, his was a theory of employment, interest, and money. It was not a theory of prices. To Keynes’s framework, Friedman added a theory of prices and inflation, based on the idea of the natural rate of unemployment and the limits of government policy in stabilizing the economy around its long-run growth trend limits beyond which intervention would trigger uncontrollable and destructive inflation.

People are often surprised when I say that I am both a Keynesian and a Friedmanite, because they view Friedman as the anti-Keynes but Friedman finished Keynes work.