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I understand the supply side pretty well, but it is the demand side I struggle with. If the supply of money increases, you will get a dollar worth less and thus higher prices, as well as all of the negative effects of inflation (the business cycle, etc). But why would a decrease in the demand for money...
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I am an economic layman, but I want to know more. I recently started reading Murray Rothbard's "What Has Government Done to Our Money?". I am about 50 pages in and there are two things that are confusing me. 1) In arguing that money must arise out of a free market process as opposed to...