Just how important is money? Few would deny that it plays a key role in the economy. But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money ...

For those who fear the capture of higher education by the left, the late Milton Friedman rejects the very notion. To this day, left, right and center from the most elite of elite colleges the world ...

Just how important is money? Few would deny that it plays a key role in the economy.­ But one school of economic thought, called monetarism, maintains that the money supply (the total amount of money ...

Economies aren’t blobs or machines that occasionally pull over to dollar “filling stations.” In reality, economies are just individuals interconnected with individuals and machines the world over.

Anna Schwartz must be the oldest active revolutionary on earth. Born in 1915 in New York, she can still be found nearly every day at her office in the National Bureau of Economic Research on Fifth ...

Federal Reserve Chairman Jerome Powell and his colleagues are continuing to raise interest rates even though they know this is likely to cause a recession. At the annual bankers’ gathering in Jackson ...

It’s been decades since I last played Monopoly, but the board game comes to mind when contemplating the commentary of the members of the Monetarist School. Consider the play money that comes with the ...

Sado-monetarism is having a moment. And one of the biggest risks now facing the U.S. economy is that it will have too much influence over policy. This term, by the way, was coined by William Keegan to ...