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Does Increasing the Money Supply Also Increase Economic Growth?

Does Increasing the Money Supply Also Increase Economic Growth?
Sheets of $1 bills run through the printing press at the Bureau of Engraving and Printing in Washington on March 24, 2015. Mark Wilson/Getty Images
Frank Shostak
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Commentary

Many economic commentators believe that increasing the quantity of money can revive an economy. This is based on the view that with more money in their pockets, people will spend more and others will follow suit, as they believe that money is a mere means of payment.

Frank Shostak
Frank Shostak
Author
Frank Shostak, Ph.D., is an associated scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.