Monetarism is finally starting to take some well deserved hits. About time imo.
Monday, November 14, 2011
EconProph: The Quantity Theory of Money and Fears of Inflation are Nonsense
Reader Clonal hatipped me this blog at EconProph that really lays some wood on the dogma of Monetarism and the monetarist view of inflation that I think is very good. On the same topic Warren Mosler put out a pretty substantial post this morning along the same lines that was cross-posted at PragCap.