Beyond that, monetarism was a disaster when it was most famously imposed from 1979-82.
FORBES: Brendan Brown, and The Global Curse Of the Federal Reserve
Monetarism fails on its face for taking from money its sole purpose which is stability in value.
FORBES: Brendan Brown, and The Global Curse Of the Federal Reserve
To put it plainly, monetarism is a parallel version of Keynesian demand management.
FORBES: Monetarism and Keynesianism: Identical Sides of the Same Adolescent Coin
Both Friedman and Schwartz died as heroes of capitalism and freedom, but monetarism lacks the sway it once had.
Brown is of the Austrian School, but throughout advocates a return to monetarism.
FORBES: Brendan Brown, and The Global Curse Of the Federal Reserve
Whereas monetarism buckled as a policy, inflation targeting has proved far more effective.
The experiment in "monetarism" - using the control of the money supply to control inflation - was quite quickly abandoned.
Indeed, monetarism is the fatal conceit that says wise minds should control the economy through the addition and subtraction of dollars.
FORBES: Brendan Brown, and The Global Curse Of the Federal Reserve
His list did not include monetarism, supply-side economics, or a minimal state.
Mr Callaghan had patiently united his fractious cabinet around a set of painful measures that, with hindsight, were the forerunner of Thatcherite monetarism.
From 1979 to 1982, then Federal Reserve Chairman Paul Volcker foisted the now discredited policy of monetarism on the U.S., and the world more broadly.
FORBES: The Comical, Central Planning Fantasy That Is 'Market' Monetarism
Indeed, another wrinkle to monetarism is that when the truly flawed measure that is GDP lags, their solution is to flood the market with even more dollars.
FORBES: The Comical, Central Planning Fantasy That Is 'Market' Monetarism
Although Thatcherism was based on the austere-sounding philosophy of monetarism, Thatcher wanted to put a human face on it, so she talked about running the country's finances like a thrifty housewife.
In short, monetarism is its own worst enemy.
FORBES: Monetarism and Keynesianism: Identical Sides of the Same Adolescent Coin
Monetarism, like its Keynesian twin, is central planning.
FORBES: Monetarism and Keynesianism: Identical Sides of the Same Adolescent Coin
Milton Friedman type monetarism at the St.
FORBES: Removing Reserve Bank Presidents From FOMC: Another Bad Idea
His own beliefs, whether the monetarism that won him his Nobel in 1976 or the positions on taxes, regulation and social programs that won him wider attention and acclaim, made him more influential among the business class of the world than any other contemporary thinker.
Mr Paul thus shows his colours as an advocate of Austrian economics a resurgent school of thought that, unlike market monetarism, has not been doing much to change the minds of most mainstream economists but, unlike neo-chartalism, has built up a broad constituency on and through the web.
The notion that the creation of paper is what would make us rich or boost the economy is the stuff of youthful fantasy, but for adults who believe that the Fed can create more Intels and IBMs through excessive purchase of Treasuries and mortgage securities, Monetarism presently seeks converts.
FORBES: Monetarism and Keynesianism: Identical Sides of the Same Adolescent Coin
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