#Debating Systemic Risk again: 1/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott .

Mar 13, 2023, 12:49 AM

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#Debating Systemic Risk again: 1/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott .

https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1


In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy.