Milton Friedman and the Second Wave of the Great Inflation, 1976-1980 | Hoover Institution

Friday, May 3, 2024
Hoover Institution | Stanford University
The Hoover Institution Economic Policy Working Group hosts “Getting Global Monetary Policy on Track," its annual monetary policy conference on Thursday, May 2, 2024 at Stanford University.
Based on his book, Ed Nelson gave a history of how Milton Friedman and other commentators approached the inflation of the late 1970s, a period in some ways eerily similar to the current moment. Friedman saw the inflation coming, which many others did not, and of course argued for better monetary policy to contain it.
“Getting Global Monetary Policy on Track" was the theme this year following up on last year’s theme “How to Get Back on Track," and the previous year’s theme “How Monetary Policy Got Behind the Curve.” A key goal of the conference is to examine how to get back and stay on track and, thereby, how to reduce the inflation rate without slowing down economic growth. This year the key policy issues are largely international, with special discussions of Europe and Asia. This is a policy-oriented conference consisting of formal presentations, policy panels, and in-depth discussions.
Read Milton Friedman and the Second Wave of the Great Inflation, 1976−1980
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Edward Nelson, Board of Governors of the Federal Reserve System (slides)
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For more information, visit www.hoover.org/events/getting....