Wednesday, July 4, 2012

Anna Schwartz obituary as published by AIER

One of the great American monetary economists, Anna Schwartz, died Thursday, June 21, 2012, in New York City. She was 96 years old....
Anna was best known as co-author with Milton Friedman of A Monetary History of the United States, 1867-1960 (1963). She also was the staff director of the United States Gold Commission, 1981-1982. Critics sometimes misinterpret the Commission's final report. They say that the report should have taken a forthright stand in favor of the return of the gold standard....

Anna noted that President Ronald Reagan was presumably in favor of the return of gold and that he appointed several members of the commission, including members of the executive branch. As she put it, the Republican appointees were waiting for a signal from the White House that never came.
Read it at Zero Hedge
Anna Schwartz obituary as published by AIER
Walker F. Todd, Research Fellow
Submitted by rcwhalen

1 comment:

Matt Franko said...

Does this imply that Whalen advocates a return to "the gold standard"?.... yeeeeecchhh!!!