One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
Should Central Banks Accommodate Increases in Demand for Money?
What’s your reaction?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0