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A critique of monetarism

At The Telegraph, Ambrose Evans-Pritchard calls for a further extension to our binge: Tight fiscal policy offset by ultra-loose money is the only option for Europe, the US, and Japan. At The Cobden Centre, Professor Kevin Dowd says that Calls for further monetary expansion are cuckoo, and James Tyler, Chief Executive of Tyler Capital, describes the article as Monetarist whitewash. Contemporary economic thinking takes too many aggregates, amongst its other faults (see for example Money, Bank Credit and Economic Cycles, pp […]

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