Quote from: MaDDDog on June 20, 2011, 11:40:56 AM

I dont say that the more money circulates the richer is everybody. I say that if money is backed up in value by goods and implanted in the money circulation that everybody gets poorer when people hold back money because this will destroy income.
Understand the difference between "holding back" and "printing new" money.

Define people hold back money.

What people usually mean by this is that people dont spend and consume. But when people saves, they send the money to the bank, that loan it out through fractional reserve banking, thus promoting investment and (usually) creating growth. So by not consuming and saving more growth is created.

Quote

This thesis is proven by several economic professors.

This does not say much about the theory.