Dennis Robertson, the late Cambridge economist, was fond of saying that economic fashion was like going to the greyhound races. If you stood still long enough, the old dogs would come around one more time. We have to wonder whether the same might be said of Milton Friedman’s fundamental view of inflation. Friedman famously said that inflation is always and everywhere a monetary phenomenon. He made this statement in his belief that inflation is and can be produced only by a more rapid increase in the quantity of money than in output. In the inflationary environment of the 1970s, Friedman’s ideas gained widespread support among economists. They did so to the point that many central ba
Hence then, the article about is monetarism making a comeback was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Is monetarism making a comeback? )