Market Monetarism and The Future of Monetary Policy with Scott Sumner
Village Global Podcast
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Market Monitorism - The Old Monitorist School
Market monitorism borrows from the old monitorist school and dhe kensian school. It favors targeting money supply growth at a constant rate of about four % a year. Market monitris worry more about velocity being unstable, so even if the money supply is growing at 4% you can still have business cycles. The biggest mistake that was made in the great recession was that when we had that drop in late two thousand eight, there was no commitment to come back to previous trend line.
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