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
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.
