Can an Easy Money Policy Increase Employment of "Idle Resources"?
Jan 21, 2024 ·
7m 11s
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not...
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When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works. Original Article: Can an Easy Money Policy Increase Employment of "Idle Resources"?
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| Author | Mises Institute |
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