The stabilization of the money supply is essential for promoting economic stability from "summary" of A Monetary History of the United States, 1867-1960 by Milton Friedman,Anna Jacobson Schwartz
The relationship between the money supply and economic stability is a fundamental aspect of monetary policy that has significant implications for the overall health of the economy. The stability of the money supply is crucial in ensuring that the economy functions smoothly and efficiently. Fluctuations in the money supply can have far-reaching effects on various economic indicators such as inflation, interest rates, and employment levels. By stabilizing the money supply, policymakers can help to reduce uncertainty and promote confidence in the economy. When the money supply is stable, businesses and consumers can make more informed decisions about their investments and spending, leading to a more predictable economic environment. This, in turn, can foster long-term economic growth and development. Moreover, a stable mon...
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