Monetarism: Difference between revisions
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'''Monetarism''' is an Economically right ideology, whose general economic theory has already been abandoned by its prophet [https://en.wikipedia.org/wiki/Milton_Friedman Milton Friedman]. He believes that inflation, even though being really bad, the government's only role as far as monetary policy is the matter should be to maintain inflation under control, they think that there should be a very low inflation rate (1%-3%) but as stable as possible, since it being stable eliminates the market distortion both non-stable inflation/deflation brings. Since [[File:Austrobert.png]] [[Austrolibertarianism|Austrian]] and [[File:Chilib.png]] [[Chicagoan Libertarianism|Chicago]] schools have overlooked him he is nothing but a relic of theory stuck in purgatory. |
'''Monetarism''' is an Economically right ideology, whose general economic theory has already been abandoned by its prophet [https://en.wikipedia.org/wiki/Milton_Friedman Milton Friedman]. He believes that inflation, even though being really bad, the government's only role as far as monetary policy is the matter should be to maintain inflation under control, they think that there should be a very low inflation rate (1%-3%) but as stable as possible, since it being stable eliminates the market distortion both non-stable inflation/deflation brings. Since [[File:Austrobert.png]] [[Austrolibertarianism|Austrian]] and [[File:Chilib.png]] [[Chicagoan Libertarianism|Chicago]] schools have overlooked him he is nothing but a relic of theory stuck in purgatory. |
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== History == |
== History == |
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