The Importance of Money in Circulation

Money in circulation is as natural a market phenomenon as the goods and services that money facilitates the exchange of. Mises understood this yet his disciples today have just perverted it beyond comprehension, he says. Never focus on quote money supply if you're talking about money supply you're no better than central planners in the Soviet Union because wherever there's production there's money to move that production. Adam Smith understood intimately that Mill understood intimately but that modern theorists about money have just have completely perverted If you are productive money will find you always always always if there's productionthere will be money to move it around.