Delays in Monetary Diagnosis Abet the Inflation Mongers

Brendan Brown () and Philippe Simonnot ()

Chapter Chapter 8 in Bad Money, 2025, pp 65-70 from Springer

Abstract: Abstract A big conundrum in the “inflationary is transitory” discussion was the role of money. Monetarist commentators made much of the monetary aggregates—the explosive growth of M2 in the US, for example, from 2020Q1 to 2022Q1 and the high inflation in the wake of this (see Sargen 2024). The problem here was that money had become a mere shadow of its former self. In principle, “money out of control” could still unleash powerful forces that would be the proverbial “monkey-wrench in all the other machinery in the economy” (see Friedman 2006); but there was now no or little way by studying the supply of money to assess at all precisely or reliably or in timely fashion how far money was “out of control”.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-95425-2_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031954252

DOI: 10.1007/978-3-031-95425-2_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().