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<p>[QUOTE=&quot;World Colonial, post: 2409040, member: 78153&quot;]This is what the monetarists would have every one believe which is why perpetual increases in the money supply and inflation are supposedly necessary.&nbsp; In actuality, the only reason it is &quot;necessary&quot; is because of perpetually increasing debt which governments and central banks prevent it from being liquidated through credit defaults.&nbsp; There should be no shortage of money because it is divisible into smaller units through price deflation.</p><p><br /></p><p>Moreover, even during the time when gold and silver were used in coinage, much if not most of the &quot;money supply&quot; was also still debt, in this instance in the form of privately issued banknotes.[/QUOTE]</p><p><br /></p>

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