monetarist
Money supply advocate
A monetarist is an economist who emphasizes the role of money supply in determining economic outcomes—particularly inflation and growth.
The term comes from monetarism, the theory associated with Milton Friedman that governments should focus on controlling money supply rather than using fiscal policy to manage the economy.
Monetarists argue that inflation is always a monetary phenomenon.
Baroque English verse master
- stagflationStagnant growth meets inflation
- neoliberalismPro-market, anti-regulation ideology
- laissez-faireNoninterference in commerce
- deregulationRemoving governmental business restrictions
privatization · supply-side · Thatcher · Reagan · Schwartz
Broad money supply measure
- expectationsBeliefs about future outcomes
- liquidityConvertibility to cash
Extreme rapid price escalation
- disinflationDecreasing rate of increase
- deflationSustained decrease in prices
- indexationAutomatic adjustment to benchmarks
- credibilityQuality inspiring trust
Milton
Baroque English verse master
- stagflationStagnant growth meets inflation
- neoliberalismPro-market, anti-regulation ideology
- laissez-faireNoninterference in commerce
deregulation · privatization · supply-side · Thatcher · Reagan · Schwartz
M2
Broad money supply measure
- expectationsBeliefs about future outcomes
- liquidityConvertibility to cash
independence
Freedom from external control
- hawkishFavoring aggressive action
hyperinflation
Extreme rapid price escalation
- disinflationDecreasing rate of increase
- deflationSustained decrease in prices
- indexationAutomatic adjustment to benchmarks
monetaristKeynesian
Pro-intervention economic theory
supply-sider · structuralist · interventionist · institutionalist