Scenarios about 'monetarism'
The economic theory that emphasizes the role of governments in controlling money supply as the primary means to manage inflation and economic stability. Monetarism, popularized by economist Milton Friedman in the mid-20th century, argues that excessive expansion of money supply is the primary cause of inflation and advocates for steady, predictable growth in the money supply rather than discretionary government intervention. In alternate history scenarios, different applications of monetarist policies could significantly alter economic outcomes during periods like the Great Depression or 1970s stagflation.
What If Keynesian Economics Remained Dominant?
Exploring the alternate timeline where Keynesian economics maintained its primacy in economic policy-making, without the neoliberal revolution of the 1970s-80s fundamentally reshaping global economic governance.
What If Monetarism Never Became Influential?
Exploring the alternate timeline where monetarist economic theory never gained prominence, potentially altering decades of economic policy, central banking practices, and the global fight against inflation.