monetarism
/ˈmɑnɪtəˌrɪzəm/
noun
- An economic theory that emphasizes the role of governments in controlling the amount of money in circulation to manage inflation and economic growth.
- Monetarism became popular in the 1980s under leaders like Margaret Thatcher.
- Supporters of monetarism believe that controlling the money supply is key to a stable economy.
- The central bank's policies were influenced by monetarism, focusing on keeping inflation low.
Antonyms