The Fallacious Notion of ‘Money Supply’
December 4, 2008 by Douglas A. McIntyreBy 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
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