Quotulatiousness

May 24, 2019

Game of Theories: The Monetarists

Filed under: Economics — Tags: , , — Nicholas @ 02:00

Marginal Revolution University
Published on 14 Nov 2017

Meet the monetarists! This business cycle theory emphasizes the effect of the money supply and the central bank on the economy. Formulated by Nobel Laureate Milton Friedman, it’s a “goldilocks” theory that argues for a steady rate of fairly low inflation to keep the economy on track.

Related posts:

  1. Causes of Inflation
  2. Game of Theories: The Keynesians
  3. “We are all [Milton] Friedman’s children and grandchildren”
  4. Why Governments Create Inflation
  5. Quantity Theory of Money

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