So you say. But if even the architect of the world's obsession with tight monetary control says that this probably was not the right answer and that if he had his time again he would not have put so much emphasis on money supply, does that not imply that monetarism is not necessarily what he thinks is responsible for the good economic things that have happened in the past couple of decades?

Money changes. It is time for one of those changes. The scarce resource that now needs managing is energy, for example. Maybe energy should be the 21st century currency.

The longest running and by extension most successful currency" of the western world has been the tobacco leaf in use for over two hundred years in the emerging "New World". How many know that nowadays?"