11. By and large this was an argument that the monetarists won on the evidence. 12. Rothbard was critical of monetarist economist Milton Friedman. 13. Monetarists suggest that increasing money supply in general will increase short-term demand.14. Moreover, it has been argued that the Thatcherites were not strictly monetarist in practice. 15. There is a trend of central banks towards the monetarist approach, with inflation targeting. 16. Monetarists argued that " fine-tuning " through fiscal and monetary policy is counterproductive.17. New classicals broke with Keynesian economic theory completely while monetarists had built on Keynesian ideas. 18. But he also concluded that it could not do the harm monetarists feared it would do. 19. With the economic crises of 1982 the " monetarist experiment " was widely regarded a failure. 20. With the strong revival of monetarist economics since then, he has attracted further scholarly attention.
