On the recordJuly 17, 2012
Last month, the United States lost one of its most preeminent economic minds. Anna J. Schwartz, perhaps the most pioneering economist in her generation, passed away at the age of 96. Dr. Schwartz had a considerable impact on how academics and others think about monetary policy. She was best known for coauthoring, along with Milton Friedman, ``A Monetary History of the United States.'' The book's thesis attributed the worst depth of the Great Depression to the Federal Reserve's restricting the supply of money when it should have expanded it. Its conclusions revolutionized our understanding of that era. ``Anna did all of the work, and I got most of the recognition,'' Friedman observed, who received the Nobel Prize in Economic Sciences in 1976. I ask the House to join me in paying tribute to this most inspiring woman and in expressing both our gratitude and condolences to her family. ____________________
