monetarist

At least the monetarists propose cutting rates and expanding the money supply and the Keynesians promote deficit spending.

Monetarists assert that the empirical study of monetary history shows that inflation has always been a monetary phenomenon.

Monetarists argue fiscal policy is always unnecessary, since monetary expansion does the trick.

The monetarists and Keynesians both argued that it would have been better if this policy had continued into the 1930s.

During the famous battles of the 1980s the war cry of the anti-monetarists was "What about velocity? "

Even the monetarists endorse sustained inflation, albeit at a lesser ratethan is presently the case.

Nonetheless monetarists now acknowledge this fact.

Monetarists hold that correction of inflation will lead to growth, structuralists hold that growth will cure inflation.

This may be because economists divided into Keynesians and monetarists in the 1970s.

Monetarists should be quite relaxed about the risks of inflation.

and civil wars among the monetarists on such issues have put off many people.

Yet at the same time, monetarists argued that monetary policy had no lasting effect on the same economic variables.

In their view and like the monetarists, the Federal Reserve, which was created in 1913, shoulders much of the blame;