Milton Friedman and the Monetarist Battle against Keynes

Milton Friedman and the Monetarist Battle against Keynes
In this chapter, I have learned a lot about monetarism and Keynesian. Monetarism can be regarded as a school of thought in monetary economics. It emphasizes the role of the government in controlling how the money is circulated nationwide. Those who favor the movement of monetarism (monetarists) are of the view that the irregular supply money can influence the nation’s output to an extent and that the best way to meet the objectives of monetary policy is by targeting the growth rate of money. Nowadays, monetarism is largely associated with Milton Freidman’s work; he is one of those very first economists who accepted Keynesian economics and then criticized Keynes’s theory of fighting economic downturns wit...