Reply To: Monetary Inflation/Deflation


Thank you,I’m not sure I understand “Outside of the market, we can’t tell whether or not a particular project generates a net gain to society.” If some government program accidentally discovered a cancer cure would that not probably be a net gain?

Does money demand have anything to do with the “circulation of money”? Would you have a recommended article on that topic? Is there a rate of circulation? Does it matter?