Discover and read the best of Twitter Threads about #monetarist

Most recents (2)

My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
Read 118 tweets
“The process of #centralization has resulted in #monetary disintegration :”… (1/6)
Democracy: The God That Failed
“… the destruction of the former international commodity (gold) #money standard and its replacement with a #dollar-dominated system of freely fluctuating government paper monies, i.e., a global, U.S.-led government counterfeiting cartel” (2/6)
“However, a system of freely fluctuating paper currencies – the Friedmanite-#monetarist ideal – is strictly speaking no monetary system at all. It is a system of partial barter -dysfunctional of the very purpose of #money of facilitating rather than complicating exchange” (3/6)
Read 6 tweets

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