👉 In economics, a monetarist is an economist who believes in the principle of monetary freedom and that all individuals should be able to save money as they see fit without interference from government or other institutions. They believe that the price level of goods and services should naturally adjust to meet consumer demand, and that this leads to inflation and deflation. Monetarists argue that the central bank can control the money supply through monetary policy, which is a process of adjusting interest rates and other monetary variables in
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What is the definition of Monetarists? 🙋
👉 A monetarist is someone who believes that money should be used to improve the standard of living and welfare of individuals, rather than as a means of producing goods or services. They often advocate for policies and practices that aim to reduce poverty and inequality, increase access to education and healthcare, and promote sustainable economic growth. Monetarians typically argue that money is a scarce resource and should be spent on things that provide positive benefits such as improving living standards and reducing poverty. They may also support measures that
