Milton Friedman & Monetarism
- Views based on the belief that inflation depends on how much money the government prints.
- Milton Friedman argued, based on the theory of money that the government should keep the money supply fairly steady, and adjust to fit the growing economy.
- Friedman believed inflation was the result of an excess supply of money produced by the central banks. When money supply increased, so would consumer demand, resulting in inflation
Ebb & Flow of Liberal Economic
This idea was a left sided ideology, based on the ideas of keynesian economics, however great focus was put on controlling the money supply in order to prevent inflation.