Because MV = PQ = GDP, wher M stands for money., V stands for the velocity of money. P stands for the general price level, and Q stands for the quantity of goods and services produced., how can the economy grow without increasing the money supply?. With the trade deficit negative, how can the circulating money supply grow without increasing debt?
I would appreciate an answer. No reply indicates that the economy cannot grow w/o debt increasing and the governmen debt is a positive force that compensates for the capitalist economy dependence on debt for growth.
Because MV = PQ = GDP, wher M stands for money., V stands for the velocity of money. P stands for the general price level, and Q stands for the quantity of goods and services produced., how can the economy grow without increasing the money supply?. With the trade deficit negative, how can the circulating money supply grow without increasing debt?
I would appreciate an answer. No reply indicates that the economy cannot grow w/o debt increasing and the governmen debt is a positive force that compensates for the capitalist economy dependence on debt for growth.