from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A theory holding that economic variations within a given system, such as changing rates of inflation, are most often caused by increases or decreases in the money supply.
- n. A policy that seeks to regulate an economy by altering the domestic money supply, especially by increasing it in a moderate but steady manner.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The doctrine that economic systems are controlled by variations in the supply of money
- n. The political doctrine that a nation's economy can be controlled by regulating the money supply
from the GNU version of the Collaborative International Dictionary of English
- n. An economic theory holding that the rate of growth of the money supply is the priunciple cause of changes in inflation, economic growth, and unemployment.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
I mean, it's what I call monetarism for the poor and Keynesianism for the rich.
The experiment with monetarism is now complete; the results are clear and not seriously subject to dispute.
Sure, Friedman’s strict monetarism is out of favor.
This aspect of the Chicago approach, and its later variants, became known as monetarism.
This pathological habit, known as monetarism, was already this form of monetarist imperialism, which prompted the initial, 1763 break of the patriots of English-speaking North America from the rapine associated with Lord Shelburne's British East India Company.
The prevailing philosophy is called monetarism, and it's based on the raising and lowering of interest rates.
This began to change in the 1970s as stagflation made many conservative economic ideas, such as monetarism, more academically respectable.
According to Friedman's basic theory, called 'monetarism', the only thing necessary to increase consumption was to increase the money supply.
By 1970 that power was being grabbed back until, by 1980, those represented by Thatcher and Reagan had put 'monetarism' in place, and if there was every a system designed to put the most wealth in the fewest hands that's it.
Because Milton Friedman predicted it in the 1960's when he wrote about "monetarism".
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