Definitions for "monetarism"
An economic theory holding that the rate of growth of the money supply is the priunciple cause of changes in inflation, economic growth, and unemployment.
A school of economics, which considers that strict control of money supply is the main tool for implementing monetary policy, especially against inflation. Policies include cuts in public spending and hopefully temporary high interest rates.
A school of economic thought that considered the money supply as the main determinant of economic activity and dominated U.S. economic policymaking in the early 1980's.