Free Market
Author:
Murray N. Rothbard
Online Publish Date:
The Free Market Special Issue (1984) Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to money supply, interest rates rise (or fall). The financial press now knows enough economics to watch weekly money supply figures like hawks; but they inevitably same article, as raising interest rates. And vice versa. If the Fed tightens the growth of money, it is interpreted as both raising interest rates and lowering them.