noun
- an economic theory that emphasizes controlling the money supply as the primary means of managing inflation and economic stability
Usage: economics
Examples
- Monetarism gained popularity in the 1970s and 1980s.
- The central bank’s policies reflected principles of monetarism.
- Milton Friedman was a leading advocate of monetarism.
- Critics argue that monetarism oversimplifies economic relationships.
- The government adopted monetarism to combat rising inflation.
- Monetarism focuses on the quantity of money in circulation.