Right now many central banks and countries, especially the US are actually exercising a third economic philosophy: monetarism (which the federal reserve board m

Right now many central banks and countries, especially the US are actually exercising a third economic philosophy: monetarism (which the federal reserve board members are historically staunch supporters of)[1]. 1. https://www.clevelandfed.org/en/newsroom-and-events/speeches/sp-20120402-the-fed-and-the-economy-lessons-from-milton-friedman.aspx https://www.clevelandfed.org/en/newsroom-and-events/speeches...