1. He subsequently attacked the monetarist economic theories to which Thatcher had turned. 2. It made Chile a showcase for Monetarists and economic liberals. 3. Calling himself an " enlightened monetarist ," 4. Most other central banks have dropped this monetarist approach. 5. The monetarist economist Milton Friedman sent Powell a letter praising him as principled. 6. Monetarists follow the explanation given by Milton Friedman and Anna J . Schwartz.7. The concept was resuscitated and popularized in the wake of the Market Monetarists . 8. The Government applied monetarist policies to reduce inflation, and reduced public spending. 9. Economists who belong to the second camp, the monetarists , offer another explanation. 10. Inflation might be a law of nature, to the discomfiture of monetarist economics.