Being in Bitcoin, many of us have heard people talk about the value of hard, sound, fungible money. Books like the Bitcoin Standard and other thought leaders in the space discuss Austrian Economics vs. Keynesian. I am studying to take the Securities Industry Essentials Exam and came across the following definitions:
Principal Economic TheoriesKeynesian: Theorizes that an increase in government expenditures and a decrease in taxes can prevent or repair an economic recession.
- The government’s role is significant.
Monetarist: Theorizes that controlling the money supply and letting the market work itself out can curb inflation and is essential for a healthy economy.
- The government’s role is minimal.
Could an
Austrian Economist, such as Saifedean Ammous, be called a
Monetarist? Are the two terms interchangeable?