31. In 1970 Seldon invited Milton Friedman at the IEA, quick to recognise the value of monetarist policy. 32. Although the Conservative government at the time was just months away from a monetarist policies to tackle inflation. 33. This is a systemic condition which no amount of regulation and Keynesian / monetarist stimuli can effectively address. 34. But as a sober monetarist , I appeal for there not to be too many new coins in 2002. 35. Monetarists believe the most significant factor influencing inflation or deflation is how fast the money supply grows or shrinks.36. Essentially, in the monetarist view, the Great Depression was caused by the fall of the money supply. 37. The Conservative Government decided to abandon the Monetarist project and lowered interest rates in an attempt to create jobs. 38. During the 1980s, members of the monetarist policies designed to tackle inflation and her cuts to public spending. 39. Currently, most central banks follow a monetarist or Keynesian approach, or more often a mix of both. 40. He was considered a principal member of the monetarist , free-market-oriented Chicago school of economics.
