Free to choose, by Milton Friedman

"Milton Friedman's name is chiefly associated with the renaissance of the role of money in inflation and the consequent renewed understanding of the instrument of monetary policy. He has given us the terms "money matters" or even, "only money matters", with the emergence of monetarism as a Chicago school. (...)

His major work, A Monetary History of the United States,1867 - 1960, is regarded as one of Friedman's most profound and also most distinguished achievements. Most outstanding is, perhaps, his original and energetically pursued study of the strategic role played by the policy of the Federal Reserve System in sparking off the 1929 crisis, and in deepening and prolonging the depression that followed. The critics agree that this is a monumental scientific work which will long stimulate the re-examination of the course of events during this epoch."

"The need is to translate serious scholarship into widely understood rhetoric and icons; to accept passion and intuition as an important and perhaps primary source of most people’s decisions. The challenge is not to teach economics. The challenge is to become much more effective story tellers thus making economic and political concepts accessible to all citizens."