Anna Schwartz

Anna Schwartz was a prominent American economist known for her work in monetary economics and her collaboration with economist Milton Friedman. She is best known for co-authoring "A Monetary History of the United States, 1867-1960," which examined the role of monetary policy in economic events, particularly the Great Depression. Schwartz argued that poor decision-making by the Federal Reserve exacerbated the economic downturn. Her research highlighted the importance of stable monetary policy and its impact on the economy, influencing both theoretical frameworks and practical policy discussions regarding inflation, money supply, and financial crises.