Ed Nelson on Milton Friedman’s Legacy, the Quantity Theory of Money, and His Vision for a Money Supply Growth Rule
Macro Musings with David Beckworth
Ed Nelson is a Senior Advisor in the Monetary Affairs Division of the Board of Governors of the Federal Reserve System. Ed has also previously been a professor and has worked at the St. Louis Federal Reserve Bank, as well as the Bank of England. Returning to the podcast, Ed re-joins Macro Musings to talk about his new book, *Milton Friedman and the Economic Debate in the United States: 1932-1972*. Ed and David specifically discuss the life and work of Milton Friedman, as they explore his journey into monetarism, his contributions to the quantity theory of money, how he envisioned a money supply growth rule, and more. Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Ed’s website: https://sites.google.com/site/edwardnelsonresearch/ Ed’s Fed profile: https://www.federalreserve.gov/econres/edward-nelson.htm Related Links: *Milton Friedman and the Economic Debate in the United States, 1932-1972: Volume 1* by Edward Nelson https://press.uchicago.edu/ucp/books/book/chicago/M/bo47674126.html *Milton Friedman and the Economic Debate in the United States, 1932-1972: Volume 2* by Edward Nelson https://press.uchicago.edu/ucp/books/book/chicago/M/bo47674466.html *A Monetary and Fiscal Framework for Economic Stability* by Milton Friedman https://www.jstor.org/stable/1810624?seq=1 *Some Unpleasant Monetarist Arithmetic* by Neil Wallace and Thomas Sargent https://www.minneapolisfed.org/research/quarterly-review/some-unpleasant-monetarist-arithmetic *Money Mischief: Episodes in Monetary History* by Milton Friedman https://www.journals.uchicago.edu/doi/10.1086/261872 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
REED Manufacturing has been making quality workwear for over 100. They have produced apparel for many well-known brands such as AmeriPride, Sears, Levi Strauss, Gap, Guess, Woolrich, Target, and JC Penney and many others. They may be the best known workwear manufacturer that you have never heard of. In this interview, REED CEO, Ed Nelson, reveals what's in store for the next 100 years.