Editing Friedman's Thermostat (section)

== Notes ==

<references>

<ref name=nr-0>
{{cite web
 |last=Rowe
 |first=Nick
 |title=Milton Friedman's Thermostat
 |website=Worthwhile Canadian Initiative
 |date=2010-12-22
 |url=http://worthwhile.typepad.com/worthwhile_canadian_initi/2010/12/milton-friedmans-thermostat.html
 |archive-url=https://web.archive.org/web/20140528202418/http://worthwhile.typepad.com/worthwhile_canadian_initi/2010/12/milton-friedmans-thermostat.html
 |archive-date=2014-05-28
 |url-status=dead
 |access-date=2025-11-02
 |publisher=Typepad
 |language=en
}}

</ref>

<ref name=nr>
{{cite web
 |last=Rowe
 |first=Nick
 |title=Why are (almost all) economists unaware of Milton Friedman's thermostat?
 |website=Worthwhile Canadian Initiative
 |date=2012-07-27
 |url=http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/07/why-are-almost-all-economists-unaware-of-milton-friedmans-thermostat.html
 |archive-url=https://web.archive.org/web/20140310085122/http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/07/why-are-almost-all-economists-unaware-of-milton-friedmans-thermostat.html
 |archive-date=2014-03-10
 |url-status=dead
 |access-date=2025-11-02
 |publisher=Typepad
 |postscript=
 |quote=Posted by Nick Rowe on July 27, 2012 in Econometrics, Fiscal policy, Macro, Monetary policy.
}}
</ref>

<ref name=mf>
{{cite news
 |last=Friedman
 |first=Milton
 |title=The Fed's Thermostat
 |newspaper=The Wall Street Journal
 |date=2003-08-19
 |url=https://www.wsj.com/articles/SB106125694925954100
 |access-date=2025-11-02
 |publisher=Dow Jones & Company
 |language=en
}}

</ref>

<ref name=nr-aware>
{{cite web
 |last1=Beckworth
 |first1=David
 |last2=Rowe
 |first2=Nick
 |title=Nick Rowe on Monetary Basics, Milton Friedman’s Thermostat, and More
 |website=Mercatus Center
 |series=Macro Musings
 |date=2016-08-15
 |url=https://www.mercatus.org/macro-musings/nick-rowe-monetary-basics-milton-friedmans-thermostat-and-more
 |access-date=2025-11-02
 |publisher=George Mason University
 |language=en
}}
</ref>

<ref name=blog-br>
{{cite web
 |last=Romanchuk
 |first=Brian
 |title=Why The "Friedman Thermostat" Analogy Should Be Uncomfortable For The Mainstream
 |website=Bond Economics
 |date=2024-01-22
 |url=https://www.bondeconomics.com/2024/01/why-friedman-thermostat-analogy-should.html
 |access-date=2025-11-02
 |publisher=Bond Economics
 |language=en
}}
</ref>

<ref name=blog-lc>
{{cite web
 |last=Christensen
 |first=Lars
 |title=Friedman’s thermostat and why he obviously would support a NGDP target
 |website=The Market Monetarist
 |date=2011-11-05
 |url=https://marketmonetarist.com/2011/11/05/friedmans-thermostat-and-why-he-obviously-would-support-a-ngdp-target/
 |access-date=2025-11-02
 |publisher=The Market Monetarist
 |language=en
}}
</ref>

<ref name=blog-db>
{{cite web
 |last=Beckworth
 |first=David
 |title=Salvaging the Equation of Exchange
 |website=Macro Musings Blog
 |date=2010-12-22
 |url=https://macromarketmusings.blogspot.com/2010/12/salvaging-equation-of-exchange.html
 |access-date=2025-11-02
 |publisher=Blogger
 |language=en
}}
</ref>

<ref name=blog-crs>
{{cite web
 |last=Shalizi
 |first=Cosma Rohilla
 |title=Regression, Thermostats, Causal Inference: Some Finger Exercises
 |website=Three-Toed Sloth
 |date=2021-03-26
 |url=http://bactra.org/weblog/1178.html
 |access-date=2025-11-02
 |publisher=Cosma Rohilla Shalizi
 |language=en
}}
</ref>

<ref name=blog-msk>
{{cite web
 |last=Kimball
 |first=Miles Spencer
 |title=Milton Friedman's Thermostat: An Econometric Cautionary Tale
 |website=Confessions of a Supply-Side Liberal
 |date=2012-07-28
 |url=https://blog.supplysideliberal.com/post/28198991540/milton-friedmans-thermostat-an-econometric-cautionary-tale
 |access-date=2025-11-02
 |publisher=Miles Spencer Kimball
 |language=en
}}
</ref>

<ref name=prison-nbc>
{{cite news
 |last1=Hylton
 |first1=Antonia
 |last2=Berk
 |first2=Emily
 |title=In one of America’s most troubled jails, a mental health unit has managed to thrive
 |newspaper=NBC News
 |date=2024-08-28
 |url=https://www.nbcnews.com/news/nbcblk/experimental-mental-health-unit-transform-new-orleans-jail-rcna168294
 |access-date=2025-11-02
 |publisher=NBCUniversal News Group
 |language=en
}}
</ref>

<ref name=prison-dn>
{{cite news
 |last1=Goodman
 |first1=Amy
 |last2=Sheikh
 |first2=Nermeen
 |last3=Sered
 |first3=Danielle
 |title=Until We Reckon: Mass Incarceration, Violence & the Radical Possibilities of Restorative Justice
 |newspaper=Democracy Now!
 |date=2019-03-14
 |url=https://www.democracynow.org/2019/3/14/until_we_reckon_mass_incarceration_violence/
 |access-date=2025-11-02
 |publisher=Democracy Now! Productions
 |language=en
}}
</ref>

</references>


{{#seo:|description=Friedman's Thermostat is a control mechanism that keeps an output constant but is mistakenly believed to be causing the external variation it is controlling}}

[[Category:Concepts]]