Monetarism: Difference between revisions

Monetarism is an approach to Macroeconomics which stresses a large focus upon Monetary Policy instead of Fiscal Policy, in contrast to [[File:Keynes.png]] [[Keynesian School]]. Monetarism prefers Monetary Policy over Fiscal due to its belief that Monetary Policy is significantly easier to change than Fiscal Policy, and can have a far greater effect on the most important issue (to him) which is inflation. While Monetarism is quite different from Keynesianism, they both hold the axiomatic beliefs of Central Banking, Fiat Currency and so forth, and are usually combined in some form.

Monetarism is a specter of ancient theory (circa 1950) that occasionally is summoned by nations being plagued by high inflation and prices. After possessing a local central banker, he will destroy printers as penance to [[w:Milton_Friedman|Milton Friedman]], hoping that he will come back to life in full glory and usher in a new era of economic. He shall continue to offer up printers, non believers, and monetary workers until his messiah returns. Since this has yet to happen, all he usually has to show is better economic policy. After a few years, he is eventually exorcised from his host once they order a new printer.

==Relationships==

*[[File:Chilib.png]] [[Chicago School]] - My dad who neglects me at times.

*[[File:Fiscon.png]] [[Fiscal Conservatism]] - We agree that economic policies must be fiscally responsible and long-term sustainable.

*[[File:Newkeynes.png]] [[Keynesian School|New Keynesianism]] - [[File:Keynes.png]] [[Keynesian School]] but better!

*[[File:Hayek.png]] [[Hayekism]] - Free Banking doesn't prevent inflation.

*[[File:Keynes.png]] [[Keynesian School]] - He believes the government should focus on government spending in times of crisis, I think the government should focus on money supply. Overall we still agree on central banking and the like, so we respect each other.