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This document summarizes the views of prominent Austrian economists Ludwig von Mises and Murray Rothbard regarding the optimal quantity of money. Specifically: 1) Mises and Rothbard argued that the existing quantity of money at any given time is the optimal quantity, and using resources to increase the money supply is wasteful. 2) The authors challenge this view from within the Austrian tradition, arguing that it is possible for additional money to have positive economic effects if introduced voluntarily

Author

Sergey

Language

EN