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While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles.
Original Article: “Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?”
This Audio Mises Wire is generously sponsored by Christopher Condon.
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[This article originally appeared in the January 4 edition of Lewrockwell.com.] The culprit responsible for the Wall Street crash of 1929 and the Great...
