The Quantity Theory of Money: A Restatement
A restatement of monetarism by one of the few economists who never abandoned it.
Tim Congdon sets out the quantity theory of money and argues it still explains inflation better than the frameworks that displaced it, drawing on the money-supply growth of the pandemic years as evidence. A compact introduction to a position that fell out of professional fashion and then looked considerably better after 2021.
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Tyler Cowen
There is Tim Congdon, The Quantity Theory of Money: A Restatement, a good introduction.
Source · January 2025
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