Business & MarketsBusiness Columnists

Does the Money Supply Still Matter? Yes!

Save
Does the Money Supply Still Matter? Yes!
U.S. dollar banknotes are shown in a picture taken on Dec. 7, 2021. Ozan Kose/AFP via Getty Images
Robert Genetski
Updated:
0:00
Commentary

Since mid-2022, most money supply measures have been contracting. Despite this, total spending continues to advance at a relatively strong pace. The apparent disconnect between money and spending raises a crucial question: does money still matter?

Robert Genetski
Robert Genetski
Author
Robert Genetski is a public speaker, author, columnist, and one the nation’s leading economists. He has taught economics at the University of Chicago’s Graduate School of Business and NYU. His latest book is “Rich Nation, Poor Nation: Why Some Nations Prosper While Others Fail.” Genetski’s website is ClassicalPrinciples.com.