This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.
This article is within the scope of WikiProject New York, a collaborative effort to improve the coverage of the U.S. state of New York on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.
A lot of references say Burns was Austrian, but this is not true. He was born in a town in Galicia, which is a region encompassing the Polish-Ukranian border (the town is now part of Ukraine). Galicia was part of the Austro-Hungarian empire at the time, but that doesn't make him Austrian. His ethnicity was Jewish and his nationality, for all but the first ten years of his life, was American. -- Chowbok 05:37, 23 October 2005 (UTC)
What kind of referencas can it be? Of course he was Jewish.
This article takes the monetarist line that expansive monetary policy was responsible for inflation, but Keynesians believe that they're not connected and the inflation was caused by wars and oil shocks. It should provide a more balanced perspective. AaronSw (talk) 15:30, 25 September 2009 (UTC)
Actually, it doesn't take the monetarist line that monetary policy was responsible for inflation. (If I'm missing something, please quote the passage from the article that suggests otherwise.) The article conveys Burns' view that the Fed should not have tightened monetary policy to quell inflation if the result would have been high unemployment. Like it or not, that was Burns' view, and the article should reflect it. Bond Head (talk) 18:33, 27 September 2009 (UTC)
I agree with Bond Head. I don't see anything in this article that's really either monetarist or Keynesian. Also, I don't think that's particularly correct that any credible "Keynesian" believes that expansive monetary policy is unconnected to the inflation, but this article makes no claim either way. Unless there's some clarification of which sentence needs changed, I'll remove the POV dispute? --JayHenry (talk) 01:17, 13 October 2009 (UTC)
I agree re removing POV tag. Bond Head (talk) 16:53, 3 December 2009 (UTC)