[mon-i-tuh-riz-uh m, muhn-]
- a doctrine holding that changes in the money supply determine the direction of a nation's economy.
Origin of monetarism
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for monetarism
July 31 marks the centenary of the birth of the high priest of monetarism, Milton Friedman.Nicholas Wapshott: A Lovefest Between Milton Friedman and J.M. Keynes
July 30, 2012
Wapshott gives us no less than Milton Friedman, the father of monetarism, claiming himself something of an heir to Keynes.War of the Economists
October 29, 2011
- the theory that inflation is caused by an excess quantity of money in an economy
- an economic policy based on this theory and on a belief in the efficiency of free market forces, that gives priority to achieving price stability by monetary control, balanced budgets, etc, and maintains that unemployment results from excessive real wage rates and cannot be controlled by Keynesian demand management
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