Source: Cobden Centre
by Dr. Frank Shostak
“The view that an increase in the money supply could revive an economy is based on the idea that money transmits its effect through the aggregate expenditure. With more money in their pockets, people will be able to spend more and the rest will follow suit. Money, however, only enables one producer to exchange his produce with another producer.” (06/23/26)
https://www.cobdencentre.org/2026/06/why-increases-in-money-supply-cant-cause-economic-growth/