45 ms·

inflationary monetary policy which other monetary policies you know of? inflation is the underpinning of monetarism - very little to do with Krugman or liberal

• hnal943 16y ago
  I suppose the alternative would be a stable monetary policy. The difference would be that under a stable policy you would only print money to keep the currency stable as inflation occurs, rather than printing money to fund government initiatives.
  • borism 16y ago
    And how exactly would you differentiate between printing money "to fund government initiatives" and printing money to fuel the economy? The fact is, even if all the money printed would be given away to non-governmental entities (that is, central bank would not be engaging in Quantitative Easing), it will still be funding the government (e.g. some of it will be collected back as taxes).