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Response to Keynesian vs. Monetarists

from Fred Marlow (chatmdo@aol.com)
A Keynesian would increase the prime lending rate to slow the economy and inflation. They would offer many government sponsered activities that would lead to the employment of many people.

A Monetarist would lower the prime lending rate to get spending started which would lead to more work and more jobs. The additional tax money from the volume increase of transactions would then be given back to the money makers (tax payers) in order to curb inflation.

(posted 8298 days ago)

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