Professional investors are bombarded on a day to day basis with assertions about the role liquidity is playing and will play in determining prices in the financial markets.
An authoritative inside account of the origins, successes and failures of monetarism in Britain. Gordon Pepper provides a portrait of early monetarism in the UK, explains its growing appeal in the 1970s and assesses the outcome of monetarism under Thatcher, from his own perspective as a 'fly on the wall'.
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