# Winter 2004 

Vol. 23 No. 3 

## A Monetary History of the United States after 40 Years 

##### Articles 

#### [Reflections on *A Monetary History*](/cato-journal/winter-2004/reflections-monetary-history)

By Milton Friedman 

#### [Why *A Monetary History* Has Had a Long Life ](/cato-journal/winter-2004/why-monetary-history-has-had-long-life)

By Anna. J. Schwartz 

#### [*A Monetary History* as a Model for Historians](/cato-journal/winter-2004/monetary-history-model-historians)

By Allan H. Meltzer 

#### [*A Monetary History* from a Policymaker’s Perspective](/cato-journal/winter-2004/monetary-history-policymakers-perspective)

By [William Poole](https://www.cato.org/people/william-poole) 

#### [Misconceptions Regarding Rules vs. Discretion for Monetary Policy ](/cato-journal/winter-2004/misconceptions-regarding-rules-vs-discretion-monetary-policy)

By Bennett T. McCallum 

#### [Does Increased International Mobility of Factors of Production Weaken the Case for Free Trade? ](/cato-journal/winter-2004/does-increased-international-mobility-factors-production-weaken-case-free)

By [Donald J. Boudreaux](https://www.cato.org/people/donald-boudreaux) 

#### [Property Rights and the Wealth of Nations: A Cross-Country Study ](/cato-journal/winter-2004/property-rights-wealth-nations-cross-country-study)

By Bernhard Heitger 

#### [Measuring Bad Governance ](/cato-journal/winter-2004/measuring-bad-governance)

By Evan Osborne 

#### [Economic Liberalization and International Order ](/cato-journal/winter-2004/economic-liberalization-international-order)

By John A. Tures 

#### [Pension Reform in China: A Question of Property Rights ](/cato-journal/winter-2004/pension-reform-china-question-property-rights)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [The Edgewood Voucher Program: Some Preliminary Findings ](/cato-journal/winter-2004/edgewood-voucher-program-some-preliminary-findings)

By John Merrifield 

#### [U.S. Elections Are Increasingly Biased against Moderates ](/cato-journal/winter-2004/us-elections-are-increasingly-biased-against-moderates)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

##### Book Review 

##### [*Basic Economics: A Citizen’s Guide to the Economy* and *Applied Economics: Thinking Beyond Stage One* by Thomas Sowell](/cato-journal/winter-2004/basic-economics-citizens-guide-economy-applied-economics-thinking-beyond)

By R. Bastiat 

##### [*The State of Democratic Theory* by Ian Shapiro](/cato-journal/winter-2004/state-democratic-theory-ian-shapiro)

By [Ilya Somin](https://www.cato.org/people/ilya-somin) 

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