Tag Archives: monetarism

The Bank of England must share the blame for the cost of living

Many central banks now have “inflation targets” that they are required to meet, and such targets are set by the government. For the Bank of England, this target is 2%, and is based on the Consumer Price Index (CPI). Some … Continue reading

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Monetarism and the windy city

Last week we wrote about the reasons for and against “creating” money, with the view of Keynesians, monetarists, and market monetarists and lastly sound money advocates (us!). Following on from this we explain the view of Milton Friedman, American economist, … Continue reading

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Do we ever need to create more money?

Today, all mainstream schools of economics believe in the need to create more money in order for the economy to grow. Keynesianism Keynesians tend to favour money creation during times of recession, to boost “aggregate demand” – roughly speaking, the … Continue reading

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