monetarism

noun

mon·​e·​tar·​ism ˈmä-nə-tə-ˌri-zəm How to pronounce monetarism (audio)
 also  ˈmə-
: a theory in economics that stable economic growth can be assured only by control of the rate of increase of the money supply to match the capacity for growth of real productivity
monetarist
ˈmä-nə-tə-rist How to pronounce monetarism (audio)
 also  ˈmə-
noun or adjective

Examples of monetarism in a Sentence

Recent Examples on the Web The influence of Milton Friedman’s monetarism For Thatcher, inflation was both a moral and an economic issue. Tim Lankester, Fortune, 16 May 2024 The theory’s monetarism—the policy of using the money supply to influence the whole economy instead of relying on complicated legislative decisions around taxing and spending—was similarly elegant and apolitical. Felicia Wong, Foreign Affairs, 19 Oct. 2021 Anyone who suggests that a return to monetarism could have prevented the reemergence of inflation in recent years should look carefully at Thatcher’s experience with monetarism—and at Paul Volcker’s too—and steer well clear of it. Tim Lankester, Fortune, 16 May 2024 This new paradigm is notably more complicated than Friedman’s monetarism. Felicia Wong, Foreign Affairs, 19 Oct. 2021 From 1982, incidentally the year in which Paul Volcker pulled the plug on monetarism in America, monetarism in the U.K. was progressively abandoned. Tim Lankester, Fortune, 16 May 2024 This emerging school of thought would be called monetarism. Krithika Varagur, The New Yorker, 12 Jan. 2024 The professor is a proponent of monetarism, an economic theory that holds that changes in the money supply are the main driver of inflation. Bywill Daniel, Fortune, 13 July 2023 The Great Depression set the stage for a shift away from strict monetarism and laissez-faire policies toward Keynesian demand management. Nancy Birdsall, Foreign Affairs, 16 Feb. 2011

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'monetarism.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1963, in the meaning defined above

Time Traveler
The first known use of monetarism was in 1963

Dictionary Entries Near monetarism

Cite this Entry

“Monetarism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/monetarism. Accessed 15 Jul. 2024.

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