David Hume and Monetarism
指出现代货币主义的十二个特征中，有五个明确出现在休谟的著作中，包括货币数量论、芝加哥传导机制等，另有两个隐含其中，并讨论了休谟对货币增长稳定性的偏好。
Of the twelve characteristics of modern monetarism, five are explicit in Hume's writings: the quantity theory, the Chicago transmission process, private sector stability, the vertical Phillips curve, which Hume originated, and preference for free markets. Two others, irrelevance of allocative detail and focus on the price level as a unit, are implicit. Preference for reduced-form models fits Hume's theory of causation. Preference for stable money growth fits the whole tenor of Hume's discussion. Two propositions on targets and indicators were irrelevant in Hume's day, but Hume rejected the monetarists' strong opposition to inflation.