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Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?
Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.
Original article: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?
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By Mises Institute
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Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.
Original article: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?
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