II THE OPTIMUM QUANTITY OF MONEY How confident are you that you understand Mises‘s monetary theory so far? If this were a final exam in a college class on Mises’s monetary theory, which answer would you select for the following question: The optimum quantity of money should be determined by. . . “? The national government A national government-licensed central bank A world central bank of central banks The economics department of the University of Chicago The unhampered free market If you selected E, as Walter Williams says, “Go to the head of the class.” In Part I, we have … Continue reading The Trouble With Government Money