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.

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2 Comments

  1. Benjamin Cole

     /  October 4, 2011

    I like Scott’s take. I love the “market monetarists” handle, a great name. Keep getting your view out there, and let’s all keep refining and improving our presentations.

    We have the best idea. Now we need the best language, PR etc.

    Reply
  1. Keleher’s Market Monetarism « The Market Monetarist

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