👉 Monetarism is a political philosophy that emphasizes the importance of monetary and financial stability, particularly as they relate to economic growth, employment, and overall societal well-being. The idea behind monetarism is that individuals should have access to stable, affordable money, which can be used for various purposes such as investing in assets, buying goods and services, or saving for future needs. Monetarists argue that excessive inflation or deflation can harm economic growth by squeezing the purchasing power of consumers.