Monetarismen

Monetarism is a school of thought in macroeconomics that emphasizes the role of governments in controlling the amount of money in circulation. Monetarists believe that the central bank's management of the money supply is the primary determinant of economic activity, inflation, and economic growth. A core tenet of monetarism is the quantity theory of money, which posits a direct relationship between the money supply and the general price level. When the money supply grows faster than the economy's output, inflation is likely to occur.

Key proponents of monetarism, most notably Milton Friedman, argued that discretionary fiscal policy (government spending and taxation) is often ineffective and can even be destabilizing due to lags in implementation and impact. Instead, they advocated for a predictable and steady growth in the money supply, often suggesting a fixed rule for monetary policy, such as increasing the money supply by a certain percentage each year. Monetarists believe that stable monetary policy is crucial for maintaining price stability and fostering sustainable economic growth. They generally favor free markets and limited government intervention in the economy, viewing inflation as a monetary phenomenon that can be controlled by managing the money supply.