Talk:Monetary policy

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Revision as of 09:50, 11 December 2009 by imported>Nick Gardner (→‎Milton Friedman)
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 Definition:  The economic policy instrument that is regularly used to stabilise the economy, and that has sometimes been used as a temporary expedient to relieve severe credit shortages. [d] [e]
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  • I believe that the present draft touches on all of the necessary points, but that it should be expanded to make it more reader-friendly. I hope to return to it after I have laid the groundwork for articles on bubbles and macroprudential financial policy.Nick Gardner 15:23, 30 November 2009 (UTC)

Milton Friedman

Should we include some more depth about Friedman's objections and his prescriptions for monetary policy? If I recall, he advocated an increase in money supply equal to the increase in GDP each year, leaving the only thing capable of causing inflation as velocity, according to MV=PY.

I know I'm probably greatly oversimplifying it, but you get the idea. --Joseph Carpenter 23:40, 10 December 2009 (UTC)

Good point. That paragraph certainly needs to be expanded. I had been working on an expansion of the stub on monetarism (to which you may wish to contribute) with a view to a cross-reference , but I should be grateful if you could draft a brief reference to the points that you make, and insert it in this article. Nick Gardner 15:50, 11 December 2009 (UTC)
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