Main properties of Monetarism
Monetarism is a macroeconomic school of thought that emphasizes:
- (1) long-run monetary neutrality
- (2) short-run monetary non-neutrality
- (3) the distinction between real and nominal interest rates
- (4) the role of monetary aggregates in policy analysis.
Economic Theory review
Could you run an entire monetary policy this way? Absolutely not.
Think of a coin which isn't affected by short term manipulation done by central bankers.
The supply affected only by the rate of the economy growth, as described by Monetarism.
Could you run crypto calibrated to some small portion of the money supply?