Gordon on Economic Growth in Light of Theory

Excerpted from the Mises Review of Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse:

"The basics of Austrian cycle theory fall readily into place once one considers a fundamental point: the economy can grow only by producing more goods. An expansion of the money supply does not suffice. Efforts to get something for nothing, by the government's deficit spending or by an expansion of the money supply, cannot produce lasting prosperity." David Gordon