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An initial 'Keynesian illness'? Friedman on taxation and the inflationary gap

Levrero, Enrico Sergio (2015): An initial 'Keynesian illness'? Friedman on taxation and the inflationary gap.

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Abstract

This paper examines Friedman’s writings in the years 1941-1943 and compares them with those after the war with a view to assessing differences and similarities. Albeit a first assessment, Friedman’s “Keynesian illness” in his ‘Washington phase’ will appear to have been less ‘serious’ and deep than he himself feared.

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