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0 sats \ 1 reply \ @Undisciplined 1 Nov \ on: MONEY CLASS OF THE DAY: Macro Purchasing Power Under Fiat, Gold, and Bitcoin econ
Did you get the production response of gold backwards or am I missing your point? The quantity supplied should rise with prices, pushing more gold into circulation.
Edit: You're talking about prices on a gold standard, not fiat prices of gold.
I am talking about consumer prices on a gold standard, not gold prices, correct.
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