Source: Cobden Centre
by Frank Shostak
“With the increase in the aggregate demand, it is held,the aggregate supply will follow suit. We hold that this is questionable. One has to produce something useful first before demanding things. It is not possible to increase something out of nothing. Without an expanding subsistence fund that enables the enhancement of the infrastructure, it is not possible to increase the supply of goods and services and in turn the demand. The illusion that through the monetary pumping it is possible to keep the economy going is shattered once the subsistence fund begins to decline. Once this happens, the economy starts its downward plunge.” (09/29/26)
https://www.cobdencentre.org/2026/09/money-supply-and-the-1930s-economic-depression/