The dividing line and why monetarists don’t align to Keynesian thinking is because it doesn’t fit the agenda to ‘swindle’ those dollars.
Theory is one thing but entwine monetarism with market deregulation (Bernanke and Greenspan inspired amongst others) and what do you have? A land of glorious bubbles where they burst in ever increasing intensity.
This was a plot, concocted and developed by out of control economists and desperate Pollies looking for answers (and a dollar or two). It is where we are today.
As @Scarpa explains in his very good post from a previous thread, we have created another untenable bubble, but this time a pandemic popped it for us. Oh dear. Outcome? Let’s wait and see, but it won’t be quick fix this time.
Time we started being less laissez faire and more on the ball under a proper organised economic plan of our own and not driven by the false prophet that is Wall St/London driven.
