"We know that monetary changes ought to be irrelevant, because units don't matter. Accepting the Friedman-Schwartz evidence that monetary changes are not only relevant, but the major cause of all these events, it is difficult to talk about a system responding in a very sharp way to something to which it "ought" not to have responded at all. These considerations lead into questions about information of some kind or another. That's a very old view. The particular mistake that people get led into by monetary changes is hard to determine, and the specific examples I've cooked up are dictated a lot by what's technically doable by me, given the methods I've got."
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Robert E. Lucas, in Conversations with Economists (1983) by Arjo Klamer
https://en.wikiquote.org/wiki/A_Monetary_History_of_the_United_States
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A Monetary History of the United States
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