ADVANTAGES

4) After the 1960s, monetary “causes” become more common, in the model of Milton Friedman and Anna Schwartz. However, this “cause” is still not really a cause, but more of a reframing of the idea that central banks should have addressed the problems of the time with devaluation and floating currencies. Thus, the Monetarists are really not much different than the Keynesians, in the end.

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