Yeah, I'm remembering my Phd Econ1A prof complaining how everyone thot they knew more than them that actually studied it. After I graduated I noticed that his gripes overlooked the fact that he really wasn't alone, that doctors, lawyers & engineers etc all have to put up w/ a world full of self-anointed experts.
I lean towards Friedman's view of Monetary Policy which ties monetary policy to real changes in GDP...
Now that's always puzzled me because while most people do think that way it just doesn't seem right. Seems it would make a heck of a lot more sense to tie monetary policy to prices and not production. imho we should be tracking monetary decisions on say the PCE and leave production to the producers. Maybe then would once and for all trash that loopy Phillips Curve nonsense.
In what world are prices not tied to production? You might take a look at the basic equation involved: MV = PQ and point out where Milton Friedman went wrong.