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DeadBorn: 7/31/1912 in New York City, New York, USA
Cause of death: heart failure
Noted For: economist; advocated controlled monetary growth, proposed that there is a natural unemployment rate, wrote A Monetary History of the United States, 1867-1960 (1963), awarded the Nobel Prize in Economics (1976).
Quotation: "If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand."