The Fallacious Notion of ‘Money Supply’

Print Email

By John Tamny  RealClearMarkets

Supply-siders are concerned with the quality of money, not its quantity. Nobody, except the market as a whole, could ever know how much of what kind of money is appropriate to finance expansion without inflation. Jude Wanniski, The Way the World Works

A simple search on Amazon.com for stand-alone VHS videocassette recorders (VCRs) is a mostly fruitless pursuit. Lacking much value in a day of DVDs, the best this writer could find was a used Samsung model for $17.

Read more…