A monetarist is an economist who holds the strong belief that money supply—including physical currency, deposits, and credit—is the primary factor affecting demand in an economy.

After U.S. inflation peaked at 20% in 1979, the Federal Reserve (the Fed) switched its operating strategy to reflect monetarist theory. During this time period, economists, ...

I grew up as a Milton Friedman monetarist, and predicting the impact of faster or slower money growth depends on velocity remaining somewhat stable, or at least predictable.

Monetarist Theory. Second, we have Monetarist Theory, which was created by economist Milton Friedman, among others, as a criticism to what was seen as the shortcomings of the Keynesian Theory.

A popular story promoted by Monetarist School thinkers is the one about Milton Friedman discrediting the Phillips Curve. For those not familiar with the latter, it’s the incorrect theory ...

The monetarist creed, as Gilder has called it, began with the greatest conservative economic thinker of the post-war era: Milton Friedman. MV equals PT, he told us, ...

Stanley Fischer made the world of ideas better, richer, fuller. He built out a research agenda that played Milton Friedman’s monetarist tune in a new key.

Federal Reserve Chairman Jerome Powell and his colleagues are continuing to raise interest rates even though they know this is likely to cause a recession. At the annual bankers’ gathering in ...

Monetarist theory is governed by a simple formula: MV = PQ, where M is the money supply, V is the velocity (number of times per year the average dollar is spent), P is the price of goods and ...

Her monetarist orthodoxy held that control of the money supply should have achieved this at little cost. But by the time inflation was finally under control, ...

Tim Lankester, Margaret Thatcher’s first private secretary for economic affairs, is well placed to do that. His new book, Inside Thatcher’s Monetarist Experiment, charts the rise and fall of ...