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Thinking Makes It So: The IMF Bailout of the UK in 1976 and the Rise of Monetarism
Tuesday, March 7, 2017 22:17
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by Philip Pilkington
Monetarism began it’s rise to world prominence in the ever-conservative Bundesbank in 1974. But it would be the government of Margaret Thatcher in the UK, elected in 1979, that would truly launch monetarism in central banking. After Thatcher’s monetarist experiment undertaken between 1979 and 1984, every economics student would be taught to recite the various monetary aggregates by heart for at least a decade or two.
Source: http://econintersect.com/a/blogs/blog1.php/thinking-makes-it-so-the
