Money's main job is to fulfill the role of the medium of exchange, says Mises

A growing economy requires a growing money supply because economic growth gives rise to a greater demand for money.

Money’s main job is simply to fulfill the role of the medium of exchange.

Money does not sustain economic activity, writes Frank Shostak .

In a free market, there cannot be such a thing as too little” or “too much” money.

Frank Shostak : Paper money cannot assume a “life of its own” and become independent of commodity money.

He says the government can bypass the free market discipline by making it legal for the over-issued banks not to redeem its certificates into gold.

Once banks are not obliged to redeem certificates in gold, opportunities for large profits are generated that set incentives to pursue an unrestrained expansion of the supply of paper certificates.