The aim was to regulate the value of money by increasing or diminishing the quantity of it. The effects of these measures appeared to provide an inductive proof of the correctness of this superficial version of the Quantity Theory, and incidentally concealed the weaknesses of its logic.

Ludwig Von Mises
About This Quote

The Great Depression was a time of great struggle for many people. During this time, the government tried to help the American people by increasing or decreasing the quantity of money in circulation. The government wanted to raise the price of goods so that people would have more money to buy them. This would increase people’s spending ability and create more jobs.

However, the government did not consider whether or not this practice would contribute to inflation. As a result, it caused the price of goods to rise far above what they should have been. The government also made another mistake by printing too much money, causing prices to rise even more quickly than they should have been.

The Great Depression was a time of great struggle for many people. During this time, the government tried to help the American people by increasing or decreasing the quantity of money in circulation. The government wanted to raise the price of goods so that people would have more money to buy them.

This would increase people’s spending ability and create more jobs. However, the government did not consider whether or not this practice would contribute to inflation. As a result, it caused the price of goods to rise far above what they should have been.

The government also made another mistake by printing too much money, causing prices to rise even more quickly than they should have been.

Source: The Theory Of Money And Credit

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