From 1979 to 1982, then Federal Reserve Chairman Paul Volcker foisted the now discredited policy of monetarism on the U.S., and the world more broadly. Somewhat happily its utter failure ensured ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fiscalists vs market monetarists is a breakout skirmish between rivalrous, unnatural allies whose common ...

Monetarists believe that the objectives of monetary policy are best met by targeting the growth rate of the money supply. Monetarism gained prominence in the 1970s—bringing down inflation in the ...

“GIVE me control of a nation’s money supply, and I care not who makes its laws.” So said Mayer Amschel Rothschild, founder of the Rothschild banking dynasty. What would he make of Bitcoin ...

Monetarists believe that the objectives of monetary policy are best met by targeting the growth rate of the money supply. Monetarism gained prominence in the 1970s—bringing down inflation in the ...

About the U.S. not being an impregnable economic island, monetarists should take note as their theory similarly presumes Fortress U.S.A. They believe dollar credit is controlled by the Fed ...

Finally, we think the driving force behind the call for lower IOER comes from monetarists who are frustrated that the reserve multiplier theory has been blown out of the water in recent years.

Scott Sumner, doyen of America’s “market monetarists”, said it would be folly to appoint a chairman who thinks his own institution powerless, and would rather hand over the task to Capitol Hill.

Keynesian economics involves government expenditures. Monetarists believe in controlling the supply of money that flows into the economy while allowing the rest of the market to fix itself.

In that respect, the fact that QEs support the growth of government at the expense of the real economy only creates a positive feedback loop that belies the temporary intentions of monetarists.

Milton Friedman, Nobel Laureate in Economics, died in 2006. Monetarism, the school of thought he founded, seems to have died with him, judging from recent comments. Academics, such as Princeton ...