So, from the other flank, does Patrick Minford, a monetarist at Cardiff Business School.
Of course, their approach to monetary policy reflects the precepts of the Friedman-Becker (also Paul Volcker) monetarist approach.
His monetarist economic ideas are a deadweight burden on the shoulders of Menachem Begin and the Israeli economy.
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For the most part, the central bankers are Keynesian, with a dollop of monetarist thrown in here and there.
Milton Friedman saw him as insufficiently monetarist, and many in the Reagan White House regarded him with suspicion as a Democrat.
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Or, their monetarist cousins at the Fed addicted to low interest rates.
Indeed, it is all in keeping with the orthodox, monetarist policies pursued by French governments, right and left, over the past 15 years.
After two years of Keynesian and monetarist stimulus on steroids, the anemic recovery from the 2008-09 recession is giving way to a slow-growth economy.
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Before the monetarist revolution, most economists believed that the quantity of money circulating in the economy had no influence on prices or on growth.
Some Fed officials with monetarist roots learned the money supply-inflation connection.
Fast forward to the present, and modern Austrians seem to have lurched in a more monetarist direction for all the attention they pay to money supply.
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She inherited a party that contained supporters of her predecessor Ted Heath, labelled by her as "wets", who opposed her monetarist policies and cuts to public spending.
After the failed monetarist experiments of the early 1980s, most central bankers concluded that the link between money and prices was too uncertain to offer practical guidance.
Monetary debasement sought by the Monetarist School achieves the same bad outcome for discouraging investors and businesses from committing capital to growth concepts that would increase production, and with it demand.
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Following a similar announcement by the Bank of England, the Fed's action understandably suggests central banks, having approached the limits of conventional monetary easing, are now experimenting with more monetarist solutions.
The clip was shelved after production when the monetarist camp in his campaign led by Milton Friedman convinced him to drop it, although it did make it on the air by accident.
They are testing the theories of four dead white guys: Irving Fisher (representing the classical economists), John Keynes (the Keynesian school), Ludwig von Mises (the Austrian school), and Milton Friedman (the monetarist school).
Monetarist thinking in this regard is similarly obtuse.
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While a Keynesian focus only on interest rates caused most observers to think of monetary policy as very easy, a Milton Friedman type monetarist might have argued that monetary policy was too tight for the circumstances.
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