Could be, but dramatically reducing the money supply would destroy the economy. Why would you want to do that?
So just keep printing, and inflating?
We are suffering through 9% inflation now. How much higher do you want it to "save" the economy?
Tell me, Mr. Central Planner, what the ideal amount of "money" is?
“but dramatically reducing the money supply would destroy the economy.”
You are confusing “number” of dollars with “value” of the dollar. Two totally different concepts. Because of the stability of the purchasing power of gold One dollar used to purchase what 97 dollars does now.