 The central policy response, for Friedman (1959), is to shift the management of the business cycle from Congress to the Federal Reserve and lock the Federal Reserve into a monetary expansion rule to prevent it from making major mistakes. Monetary-policy makers are simply not knowledgeable enough to use monetary policy to manage the business cycle. Instead, they should be bound to a rule that would lead to gentle inflation, which would both avoid hyperinflation and prevent cyclical unemployment by mitigating the dislocations caused by sticky nominal wages, contra Keynes (1935 [1965: 231–7]). Focusing exclusively on growing the monetary base would also prevent a collapse in the money supply and thereby avoid some kinds of recession.