Celebrating humanity's flourishing through the spread of capitalism and the rule of law
19 Aug 2014 1 Comment
in macroeconomics, Milton Friedman, monetarism, monetary economics Tags: Milton Friedman, monetarism, rules versus discretion
I am not so sure the above would be mimicking Milton Friedman’s monetary policy dashboard as claimed.
Milton Friedman advocated a fixed monetary policy growth where the monetary supply would grow at 4% year in, year out no matter what happened in the economy. Towards the end of his career, he advocated replacing the Fed with a computer.
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Aug 19, 2014 @ 22:21:12
why would Friedman be looking at velocity?
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