what is the difference between monetarism and keynesianism 
in simple terms monetarism posits that policymakers can best control the economy through management of the money supply whereas keynesianism believes this is better achieved through government spending in practice governments use both monetary policy and fiscal spending to shape the economy the bottom linemonetarism is an economic school of thought that emphasizes the role of monetary policy in the economy it s associated with the economist milton friedman and gained prominence in the second half of the 20th century monetarism is commonly distinguished from keynesianism which emphasizes the importance of aggregate demand in the economy 