Money Mischief

Money Mischief by Milton Friedman is a lively collection of essays that uses vivid historical episodes to explain the ideas and consequences of monetary policy from a free market, monetarist perspective. Friedman examines episodes ranging from coin debasement and bimetallism to the Great Depression and postwar inflation, showing how changes in the money supply and government intervention have shaped prices, employment, and financial stability. Written for a general audience, the book blends clear economic analysis, historical storytelling, and policy critique to argue that sound monetary rules and restraint by central banks are essential to prevent the mischief that flawed money policies can cause.