Talk:Market monetarism

eLFStevens : your inclusion of krugman and friedman is at best irrelevant and unhelpful. at worse false and misleading. you didn't cite any sources, and krugman and friedman are not market monetarists. krugman definitely does not believe monetary policy is sufficient at the zero bound. — Preceding unsigned comment added by 59.167.234.73 (talk • contribs) 2011-10-18T20:05:46.
 * I did cite a source for Friedman, and of course, Krugman has now outed himself as at least a partial supporter. What did I do wrong, exactly? Lfstevens (talk) 11:36, 21 October 2011 (UTC)

correctly cited and relevant material moved to nominal income target page. please don't undo improvements if you don't understand fully the differences in the terms. thanks for extra editing and help though! =) — Preceding unsigned comment added by 59.167.234.73 (talk • contribs) 2011-10-18T20:07:46‎.
 * Please sign your comments by typing four tildes (as it says in the help, right above the edit box). You can just click the signature button at the top of the edit box. —Derobert (talk) 22:30, 20 October 2011 (UTC)

Level targeting
This section was moved to nominal income target. I chose the MM page instead, because level targeting is only one of various targeting regimes, and is the one MM has adopted. It makes sense for NIT to cover the range of possibilities, of course... Lfstevens (talk) 11:36, 21 October 2011 (UTC)

Better Specific Evidence of Deliberate Creation of Inflation By Central Banks Needed
The only specific example given of the claim that fiat money central banks can always create inflation if they want to, in the current version of the article, is Switzerland in 2011. If you actually read the relevant quote in the cited source, it says:

"...The inflation rate recovered to 0.7% in 2010 after hitting a low of -0.5% in 2009. "

Firstly, this does not refer to 2011 at all. Indeed, apart from the post date itself, I can see no reference to 2011 in the blog post. Secondly, even if it did refer to 2011 - this is hardly a stunning example of creating inflation! Is this really the best that market monetarists can come up with... surely not? Moreover, where is the theoretical or empirical argument for causality rather than just correlation, even for this paltry recovery in inflation?--greenrd (talk) 18:05, 4 December 2011 (UTC)


 * Here's another piece on Switzerland's 2011 adventure. Is this what you're looking for?
 * I understand the argument being made here, but the Swiss experience fails to provide direct evidence that a central bank can create arbitrary amounts of inflation, at any time.--greenrd (talk) 23:37, 8 December 2011 (UTC)

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Unclear sentence
Currently the second paragraph of Market monetarism says


 * Market monetarists further claim that fiat money central banks always have the ability to boost nominal spending, which would imply that the bank was unable to raise the rate of inflation—that is, to "debase the currency," which it can always do.[21]

This is unclear–why would the ability to boost nominal spending imply that it is unable to raise the rate of inflation?

I think the sentence intended to convey this, which I will put into the article:


 * Market monetarists dispute the claim of conventional theory that central banks that issue fiat money cannot boost nominal spending when the economy is in a liquidity trap: instead, they say that the central bank can indeed raise nominal spending, as evidenced by the assertion that the central bank can always “debase the currency” by raising the inflation rate, increasing nominal spending in the process.

Loraof (talk) 19:51, 19 April 2019 (UTC)