Monetarism is a set of views concerning the determination of national income and monetary economics. It focuses on the supply of money as the primary means by which the rate of inflation is determined. Monetarism today is mainly associated with the work of Milton Friedman, who was among the generation of economists to accept Keynesian economics and then criticize it on its own terms. Friedman and Anna Schwartz wrote an influential book, Monetary History of the United States 1867-1960, and argued… (More on Monetarism)