Monetary Restraint and Stock Prices: The Disconnect

Monetary Restraint and Stock Prices: The Disconnect
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on May 22, 2023. Brendan McDermid/Reuters
Robert Genetski
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Commentary

Sixty years ago, economist Beryl Sprinkel wrote a book titled, “Money and Stock Prices.” Sprinkel was my boss and mentor at Harris Bank in Chicago, and later he became chairman of then-president Ronald Reagan’s Council of Economic Advisers.

Robert Genetski
Robert Genetski
Author
Robert Genetski is a public speaker, author, columnist, and one the nation’s leading economists. He has taught economics at the University of Chicago’s Graduate School of Business and NYU. His latest book is “Rich Nation, Poor Nation: Why Some Nations Prosper While Others Fail.” Genetski’s website is ClassicalPrinciples.com.
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