Monetary vs. Fiscal Policy - FRASER
Monetary
vs.
Fiscal Policy
Digitized for FRASER Federal Reserve Bank of St. Louis
The Seventh Annual Arthur K. Salomon Lecture
THE GRADUATE SCHOOL OF BUSINESS ADM INISTRATION NEW YORK UNIVERSITY
Digitized for FRASER Federal Reserve Bank of St. Louis
Monetary vs.
Fiscal Policy
Milton Friedman
&
Walter W. Heller
W ?W ?Norton & Company ?Inc ?
NEW YORK
Digitized for FRASER Federal Reserve Bank of St. Louis
Copyright ? 1969 by The Graduate School of Business Administration, New York University
FIRST EDITION
Library of Congress Catalog Card No. 79-80110
ALL RIGHTS RESERVED
Published simultaneously in Canada by George J. McLeod Limited, Toronto
PRINTED IN THE UNITED STATES OF AMERICA
1234567890
Digitized for FRASER Federal Reserve Bank of St. Louis
Contents
Foreword
7
Is Monetary Policy Being Oversold? /
13
Walter W. Heller
Has Fiscal Policy Been Oversold? /
43
Milton Friedman
Reply / Walter W. Heller
63
Reply / Milton Friedman
7i
NOTES
8l
GLOSSARY OF TERMS AND REFERENCES
89
Digitized for FRASER Federal Reserve Bank of St. Louis
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