Wednesday, August 16, 2017

Brian Romanchuk — Primer: Money Neutrality


Short simple summary of the meaning of "money neutrality." 

Money neutrality is a key piece of conventional (neoclassical) economics. Keynes rejected money neutrality in a modern monetary production economy. Money neutrality is also foundational to monetarism based on the quantity theory of money.

Bond Economics
Primer: Money Neutrality
Brian Romanchuk

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