Monetarist

monetarism

[mon-i-tuh-riz-uhm, muhn-]
noun Economics.
a doctrine holding that changes in the money supply determine the direction of a nation's economy.

Origin:
1965–70, Americanism; monetar(y) + -ism

monetarist, noun, adjective
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Collins
World English Dictionary
monetarism (ˈmʌnɪtəˌrɪzəm)
 
n
1.  the theory that inflation is caused by an excess quantity of money in an economy
2.  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
 
'monetarist
 
n, —adj

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary
monetarism [(mon-uh-tuh-riz-uhm)]

The economic doctrine that the supply of money has a major impact on a nation's economic growth. For example, monetarists prefer to control inflation by restricting the growth of a nation's money supply rather than by raising taxes. The doctrine is associated with Milton Friedman.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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