In normal economic times,this economic theory argues that the proper thing for government to do is to have a steady,predictable increase in the money supply at a rate about equal to growth in the economy's productivity.

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The theory described is consistent with monetarist economics, which emphasizes the importance of controlling the money supply to maintain stable economic growth. Keynesian economics emphasizes government intervention to stimulate demand and employment, while economic planning involves centralized control of economic resources. Supply-side economics emphasizes reducing taxation and regulation to incentivize production and investment, and credit-based economics is not a commonly recognized economic theory.

In Normal Economic Times,this Economic Theory Argues That the Proper