MONETARISM | LEARN OIKONOMIA | MACROECONOMICS
1This video discusses MONETARISM
π° Welcome to the YouTube channel! In today's video, we delve into the fascinating topic of monetarism. π¦β¨ Monetarism is an economic theory that emphasizes the importance of monetary policy and the role of central banks in controlling the money supply to stabilize the economy. πΈπ Advocated by influential economists like Milton Friedman, monetarism posits that changes in the money supply have a direct impact on inflation and economic growth. ππΉ
In this video, we explore the main principles of monetarism: the quantity theory of money, the belief in the long-run neutrality of money, and the focus on controlling inflation and maintaining price stability. ππ We'll examine how monetarists argue that fluctuations in the money supply can disrupt the overall economy and explore their preference for rules-based monetary policy instead of discretionary intervention. βοΈπΌ
Moreover, we'll discuss the debates and criticisms surrounding monetarism, including the challenges of accurately measuring and predicting the money supply's effects on the economy, and the Keynesian counterarguments to monetarist policies. π€π
So, if you're intrigued by the economic intricacies of monetary policy and its impact on the broader economy, hit that play button and let's dive into the world of monetarism! π₯π Don't forget to like the video, subscribe to our channel, and leave your thoughts in the comments section below. Happy learning! πβ¨π
#monetarism #learnoikonomia #macroeconomics #moneysupply
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