/sci/ - Science & Math

>>5771405
>Bugs Bunny
>infantile

Neo-keynesian view of the economy:
>short term interest rates
>open market operations to ensure that actual rates conformed to the official re-discount rate
>reasonably tight minimum reserve requirements for banks
>less concern to regulate the quanitity of money

monetarist's view:
>secure a steady growth in the money supply (not regulating a steady rate of interest)

So what happened after the Fed made the changes in 1981 suggested by Milton Friedman?

The money supply failed to grow at a steady rate, the rate of interest rose to 18.6% and the rare of inflation to 15.2%, figures that had not been seen since the Civil War (which is severely high). Milton Friedman publicly admitted to the failure of his own policies in 1982, though he blamed it on government officials, but obviously his policies led to disastrous results. After a year and a half of continued failure and uncontrollable votality-in interest rates, exchange rates, and inflation rates- the US administration went back the traditional keynesian customs and the economy recovered gradually. They knew to go back to the rules set by the Radcliffe Committe of 1958, that is the central bank's regulation of interest rates, not money supply, that means stable monetary action.

Hey atheists

If you had to pick a religion and stick with it, which one would it be?

You *must* pick one, otherwise the whole universe dies

>>4337254
Read he second comment dude.....

Would mind over matter be literally applied i.e. psychokinesis/manipulation of resting mass?

>>4312698
>>4312698
wat

If the universe is determined, how come free will exists?

mfw >implying protip isn't shit-tier