In an attempt to explain business cycles, Milton Friedman came up with a plucked-string analogy. Like all Monetarist theories, however, this also had fatal flaws.
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Milton Friedman’s Guitar String Boom-Bust Cycle Theory
Published on September 1, 2025
Permanent link to this article: https://snbchf.com/2025/09/shostak-milton-friedman-guitar-boom-bust-cycle-theory/
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