Kasz216 on 23 December 2009
| Rath said: @Kasz. Thats the monetarist explanation. There are other explanations favoured by other schools of economists, but yeah monetarist has been the major one for several decades. Though it must be said, there is a huge Keynesian revival at the moment, this current crisis has caused a bit of a rethink. |
I imagine both are a bit wacky, though Monetarist seems slightly closer to the truth.
It's always two comepeting groups of Economists who keep coming up with newer counter theories.
I'd bet the truth is somewhere in the middle.
Even if there wasn't... i'm hesitant to believe there is a "Universal" guide to economics.
It's likely why the two sides go up and down... because they both work, and both don't work depending on the situation.
