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Is monetarism making a comeback?

Por: The Hill Business January 28, 2023

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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 that inflation is always and everywhere a monetary phenomenon. He made this statement in his belief that inflation is and... + full article



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