Does Economic Growth Require An Elastic Money Supply?

Mises Institute • by Ryan McMaken and Jonathan Newman

Austrian Economics • Oct 4, 2025 at 8:15 AM EDT

A long-enduring myth about money is that we need a flexible or “elastic” currency for the economy to grow.

10 and one 10 us dollar bill

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A long-enduring myth about money is that we need a flexible or “elastic” currency for the economy to grow. Economist Jonathan Newman joins us to talk about why this has never been true.

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