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The world probably would have been much better off had macroeconomics never been devised.

— Robert Higgs

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Milton Friedman and Anna Schwartz’s monumental Monetary History of the United States eventually helped to displace Keynesian interpretations with a monetarist interpretation, especially after the stagflation of the 1970s worked to discredit Keynesian macroeconomics.

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Quote text and notes from Wikiquote: Robert Higgs (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.