The Role of Money in the Economy

A lot of people believe that, oh, in order for the economy to grow, the money supply has to also grow. That's not true at all and was a part of the original sort of rhetorical tricks that were used to get the Federal Reserve started. So if it's profitable to produce additional gold, then you can do that. But the point is it's the market that chooses. And it's the economy through all of the important interconnections in the structure of production,. It's the economy deciding, should we increase the money supply or should we change prices?