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

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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