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Economic Growth Requires Savings, Not Money Pumping

Audio Mises Wire

Tags Central BanksMonetary Policy

12/29/2022Frank Shostak
Narrator: 
Michael Stack

Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings.

Original Article: "Economic Growth Requires Savings, Not Money Pumping"

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Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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Original Article: 
Economic Growth Requires Savings, Not Money Pumping
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