Village Global Podcast cover image

Market Monetarism and The Future of Monetary Policy with Scott Sumner

Village Global Podcast

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app