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]] [[KeynesianismKeynesian 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.

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

*[[File:Keynes.png]] [[KeynesianismKeynesian 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.