Sumner explains the difference between “old-style” monetarism and Market Monetarism:

Scott Sumner in an answer to me on his blog explains the difference between “old-style” monetarism and Market Monetarism:

“I think there is one significant difference. They relied on M2, we rely on market indicators.”

I think Scott is basically right – I wonder what other Market Monetarists think.

by Lars Christensen on October 3, 2011 • Permalink

Posted by Lars Christensen on October 3, 2011

https://marketmonetarist.com/2011/10/03/sumner-explains-the-difference-between-old-style-monetarism-and-market-monetarism/

The Market Monetarist