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