No individual and no nation need fear at any time to have less money than it needs. Government measures designed to regulate the international movement of money in order to ensure that the community shall have the amount it needs, are just as unnecessary and inappropriate as, say, intervention to ensure a sufficiency or corn or iron or the like. This argument dealt the Mercantilist Theory its death-blow. Ludwig Von Mises
About This Quote

The Mercantilist Theory held that the money supply in a country should be controlled in order to maximize the wealth of that country. At one time, this theory was thought to be the most important economic policy because it was believed that an over-abundance of money would lead to poverty. John Maynard Keynes, who was opposed to this theory, argued that if money was not allowed to flow freely into the economy, then it would lead to prosperity.

Source: The Theory Of Money And Credit

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