> how is money supply supposed to grow along with economy to enable economic expansion? Money supply doesn't have to grow to enable economic expansion. Things

> how is money supply supposed to grow along with economy to enable economic expansion? Money supply doesn't have to grow to enable economic expansion. Things can just get cheaper. When governments print money, what happens is not that economic expansion occurs that otherwise wouldn't. What happens is that things don't get cheaper--instead, a portion of the economic gains from increased productivity go to governments and their cronies, instead of to all of us. In other words, printing money is hidden taxation. It's much easier politically than overt taxation precisely because it's hidden; people don't directly see economic value being taken away from them, even though it is.