Milton Friedman and Monetarism: The Critique of KeynesianismMilton Friedman (1912–2006) was an American economist, statistician, and public intellectual, and the intellectual leader of the Monetarist school of thought. His work, particularly his 1963 book A Monetary History of the United States (co-authored with Anna Schwartz), mounted the most effective critique of Keynesianism (Article 234), arguing that excessive government intervention and fiscal policy instability were the causes, not th...