The Dig: Inflation Politics with Tim Barker
Jacobin Radio
00:00
Monetarism and the Volcker Stolen Policy
Friedman believes that fundamentally and inevitably the state is pulling the strings. Volcker was never a doctrinaire monetarist, he hated simplistic fine-tuning Keynesianism. He's a practical a practical central banker not a sort of theoretician. And so by focusing on limiting the money supply which would have raising interest rates he knew that this would put a buffer between him and the market.
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