Monetarists argue that discretionary monetary policy does more harm than good.

Name: Monetarists argue that discretionary monetary policy does more harm than good.
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Monetarists believe that discretionary monetary policy often creates uncertainty and inconsistency in the economy, leading to unintended consequences and potential long-term damage. Instead, they advocate for a rules-based approach to monetary policy that emphasizes stable and predictable growth in the money supply.

Monetarists Argue That Discretionary Monetary Policy Does More Harm Than