Mises Wire

Never too much money?

Never too much money?

If Mises and Rothbard emphasized the crucial monetary point that “while an increase in the money supply, like an increase in the supply of any good, lowers its price, the change does not—unlike other goods—confer a social benefit,” the chairman of the central bank has a different view. According to the Washington Times, Twelve-year-old Shannon Wilkins was asked what he learned from Greenspan’s talk at a D.C. Middle School: “I learned that you can never have too much money.”

 

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