what is monetarism 
monetarism is a macroeconomic theory stating that governments can foster economic stability by targeting the growth rate of the money supply closely associated with economist milton friedman monetarism is a branch of keynesian economics that emphasizes the use of monetary policy over fiscal policy to manage aggregate demand which contrasts with the theories of most keynesian economists 8the bottom linejohn maynard keynes and keynesian economics were revolutionary in the 1930s and did much to shape post world war ii economies in the mid 20th century his theories came under attack in the 1970s saw a resurgence in the 2000s and are still debated today keynesian economics recognizes the role of government in sparking aggregate demand for instance federal spending and tax cuts leave more money in people s pockets which can stimulate demand and investment unlike free market economists keynesian economics welcomes limited government intervention and stimulus during times of recession 