Meaning of Monetarism | Babel Free

Definitions

1. The doctrine that economic systems are controlled by variations in the supply of money.
   countable, uncountable
2. The political doctrine that a nation's economy (in particular inflation) can be controlled by regulating the money supply.
   countable, uncountable

Equivalents

Examples

“Monetarism, you see⟳, has two components. The first is that the central bank should try⟳ to control⟳ the money supply⟳. In light⟳ of the Bank's report⟳ that part of the monetarist doctrine is now a dinosaur fit only to be displayed in the museum of failed economic ideas. […] Indeed, this second component of monetarism is one of the primary culprits behind the economic crisis that we have⟳ been living through for the past five years.”

CEFR level