Mises Media
Mises Media
Mises Institute
Can an Easy Money Policy Increase Employment of "Idle Resources"?
1 seconds Posted Jan 21, 2024 at 10:00 pm.
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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.