[Congressional Record (Bound Edition), Volume 158 (2012), Part 8]
[House]
[Page 11434]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  IN REMEMBRANCE OF DR. ANNA SCHWARTZ

  (Mr. BRADY of Texas asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. BRADY of Texas. 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.

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