Monetarist is the approach to solving the depression. One tool that governments can use to influence the health of the economy as a whole is monetary policy.
A monetarist is an economist who firmly believes that the availability of money, including physical money, deposits, and credit, is the main influence on demand in an economy. Consequently, changes in the money supply can control the economy's performance, including its growth or contraction.
This concept is primarily motivated by the negative effects of inflation on the development or health of an economy, as well as the notion that inflation can be reduced by regulating the money supply. The money supply in the economy should be controlled, according to monetarists, and the rest of the market should be allowed to correct itself.
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