Monetarists that worship Milton Friedman argue that a steadily growing economy needs a steadily growing money supply. They argue that if this does not happen, recessions and depressions will occur. This is all nonsense though. If it were true, third world nations could end poverty easily by simply creating a central bank and printing money until poverty is eradicated. Learn more about this in today's episode.

How Much Money Should There Be?

Regression theorem Mises Wiki

Subjective theory of value Mises Wiki

The Origin of Money and Its Value

Human Action by Ludwig Von Mises

Tom Woods Liberty Classroom

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