What Is Monetarism?
Monetary here simply means: about money.
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1.What did Milton Friedman say about inflation, as quoted in 1969?
Monetary here simply means: about money.
2.What is velocity?
Money times velocity equals total spending.
3.1,000 coins change hands 4 times a year. What is total spending?
Divide spending by 2,000 loaves: the price is 2.00.
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Sources (6)
- IMF, Finance & Development, Back to Basics: What Is Monetarism? (March 2014)
- TIME, Business: The New Attack on Keynesian Economics (10. January 1969)
- Cacy, J. A.: Is the Federal Reserve Hitting Its Money Supply Targets?, Federal Reserve Bank of Kansas City, Monthly Review, February 1976
- Federal Reserve History: Volcker's Announcement of Anti-Inflation Measures (October 1979)
- Federal Reserve Bank of St. Louis, Review: Managing a New Policy Framework: Paul Volcker, the St. Louis Fed, and the 1979-82 War on Inflation (14. January 2021)
- Eigene Rechnung: Inselbeispiel
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