Monetarism: Difference between revisions
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|image=Monetarism-2.png
|caption=‘‘Stop the presses! When the second coming of Friedman returns so shall they!’’
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Monetary Conservatism<br>
Monetary Neoliberalism<br>
[[File:Friedman_CBS.png]] Friedmanite Central Bank System<br>
Central Banking Liberalism<br>
Warburtonism<br>
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{{Info|Right Unity|RightUnity}}<br>
{{Info|Capitalists}}
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*[[File:Monet.png]] [[w:Clark Warburton|Clark Warburton]] (1896-1979) [[File:Cball-US.png]] USA▼
*[[File:
*[[File:
*[[File:Friedman.png]] [[Chicago School|Milton Friedman]] (1912-2006) [[File:Cball-US.png]] {{PBW|USAball|USA}}
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[[File:Cball-Commonwealth.png]] '''Commonwealth Realm''' {{Collapse|
*[[File:EnochPowell.png]] [[Classical Conservatism|Enoch Powell]] (1912-1998) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:Thatcher.png]] [[Conservative Liberalism|Margaret Thatcher]] (1925-2013) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
}}
[[File:PanAsian.png]] '''Asia-Pacific'''{{Collapse|
*[[File:Necon.png]] [[Neoconservatism|Tsukasa Jonen]] (1969-) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
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[[File:ShinzoAbe.png]] [[National Conservatism|Abenomics]]<br>
[[File:Chilib.png]] [[Chicago School]] (Initially)<br>
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[[File:Nordmodel.png]] [[Nordic Model]] (in 80s and 90s)<br>
[[File:EnochPowell.png]] [[Classical Conservatism|Powellism]]
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{{Quote|
|speaker=[[File:Friedman.png]] [[Chicago School|Milton Friedman]]
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▲<div style="display:grid;grid-template-columns:30% 30% 30%;grid-template-rows:35% 65%;grid-column-gap:16px;grid-row-gap:16px;text-align:center;align-items:center;margin-top:96px;"><div style="grid-area:1/1/1/4;">{{Quote|quote="I would define the stock of money as including currency outside commercial banks plus all deposits of commercial banks. I would specify that the Reserve System shall see to it that the total stock of money so defined rises month by month, and indeed, so far as possible, day by day, at an annual rate of X per cent, where X is some number between 3 and 5. The precise definition of money adopted, or the precise rate of growth chosen, makes far less difference than the definite choice of a particular definition and a particular rate of growth."|speaker=[[File:Friedman.png]] [[Chicago School|Milton Friedman]]}}</div></div>
'''Monetarism''' is an economically [[File:Cap.png]] [[Capitalism|right]] ideology, whose general economic theory was created by [[File:Friedman.png]] [[Chicago School|Milton Friedman]] to cure inflation. He believes that the government's primary role in the economy should be monetary policy with the goal of keeping inflation under control. Specifically, he thinks that there should be a very low inflation rate (1%-3%), and he wants this to be as stable as possible, since it being stable eliminates the market distortion both non-stable inflation/deflation brings. In modern times, several Monetary Authorities, notably Former Federal Reserve Chair and Nobel Prize winner Ben Bernanke, have been monetarists. Monetarist policies were used by Bernanke during the 2008 Great Recession with expansion of QE (Quantitative Easing) and the overall expansion of Money Supply.
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*[[File:Tradcon.png]] [[Classical Conservatism]] - Enoch Powell is a great pal.
*[[File:Clib.png]] [[Classical Liberalism]] - And you're even better.
*[[File:Orlib.png]] [[Ordo-Liberalism]] - German version of above who also likes more central banks.
*[[File:Newkeynes.png]] [[Keynesian School|New Keynesianism]] - [[File:Keynes.png]] [[Keynesian School]] but better!
*[[File:Right Reformism.png]] [[Reformism#Right-Reformism|Reformism]] - I'm with you buddy!
===Frenemies===
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*[[File:Juche.png]] [[Juche]] - Stop printing counterfeit money reeeeeee!
*[[File:Austrobert.png]] [[Austrian School]] - Is gold money? No. No it is not.
*[[File:Jacksonian Democracy.png]] [[Jacksonian Democracy]] - Stop vetoing the central bank and causing economic panics!
==Gallery==
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==Further Information==
===Literature===
*[https://web.archive.org/web/20090327033812/http://cepa.newschool.edu/het/profiles/warburton.htm Major Works of Clark Warburton]
*[https://books.google.com/books?id=Q7J_EUM3RfoC A Monetary History of the United States] by [[File:Friedman.png]] [[Chicago School|Milton Friedman]] and [[File:Chilib.png]] [[Chicago School|Anna Schwartz]]
*[https://openlibrary.org/books/OL1717100M/A_program_for_monetary_stability A Program For Monetary Stability] by [[File:Friedman.png]] [[Chicago School|Milton Friedman]]
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