Can an Easy Money Policy Increase Employment of "Idle Resources"?

Can an Easy Money Policy Increase Employment of “Idle Resources”?

Tags: Booms and Busts, Central Banks, Keynes, Monetary Policy

01/21/2024 Frank Shostak

When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That’s not how an economy works.

Original Article: Can an Easy Money Policy Increase Employment of “Idle Resources”?

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