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.
You May Also Like
Editor's Pick
Colin Grabow My family spent Thanksgiving in New York City, where we did many of the usual tourist things such as a picture with...
Tech News
Illustration: The Verge Google has introduced a new AI “reasoning” model capable of answering complex questions while also providing a rundown of its “thoughts,”...
Editor's Pick
Norbert Michel and Jerome Famularo In the aftermath of the COVID-19 pandemic, the United States experienced a much higher rate of inflation than at...
Editor's Pick
Matthew Cavedon In a December 18 amicus brief to the Supreme Court regarding Cunningham v. Baltimore County, the Cato Institute argued that a lower...