Monetary Theory

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Frank Shostak

Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier.

Frank Shostak

Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.

Misty Peñuelas

Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value.

Jeff Deist

Resources are scarce even when money is not.

Joseph T. Salerno

Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today,