Couldn't agree more with the absurdity that Friedman gets blamed for RBC and RE. Hell that leads directly to the idea that monetary policy can't ever accomplish

Couldn't agree more with the absurdity that Friedman gets blamed for RBC and RE. Hell that leads directly to the idea that monetary policy can't ever accomplish anything. https://en.wikipedia.org/wiki/Policy-ineffectiveness_proposition https://en.wikipedia.org/wiki/Policy-ineffectiveness_proposi... It should be pretty clear this is the exact opposite of monetarism. It would clear up a lot of confusion if economic history textbooks simply describe Friedman's monetarism as a species of Keynesianism, certainly it would be less wrong than what everyone currently thinks.