I agree completely with Brad Bateman’s admiration of Tom Mayer. Tom’s book The Structure of Monetarism was indeed a fascinating, beautifully written account of the varieties of monetarist doctrine and of their historical origins. I read the book early on and learned much from it. It influenced my own research and writing at the Richmond Fed. 

Speaking of historical projects, I wonder what became of Brad’s on the history of monetarism? In any case, I trust that Brad acknowledged that monetarist doctrine dates back at least to David Hume and Henry Thornton if not to the Swede Pehr Niclas Christiernin.

Anyhow, enjoyed Brad’s perceptive appreciation of Tom Mayer.

——Tom Humphrey