Mises Daily
Author:
Frank Shostak
Online Publish Date:
economy’s production of goods. Hence in order to keep the economy going economic policies must pay close attention to overall demand. Now, part of the demand for life and well-beings. As time goes by however, the effects of loose monetary policy filters through a broad spectrum of prices of goods and services and result in a race between the nations to outbid one another. At the end of this competition is the complete destruction of all nations’ monetary systems.”