| The Alliance was a soft sensible centre, a safe haven between extremes of monetarism and unilateral disarmament. |
| The economic theory known as monetarism holds that the money stock exerts an important influence on economic activity and prices. |
| The pact and monetarism in general have been designed to weaken workers rights. |
| During the late 1970s and the 1980s, it was replaced as the dominant economic theory by monetarism. |
| The policy was adopted in the 1980s, in part because extremist monetarism was then fashionable. |
| In fact monetarism proved to be unworkable, because whichever indicator of money supply was used, other forms of money went out of control. |
