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31 sats \ 2 replies \ @Rothbardian_fanatic 10h \ parent \ on: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle? econ
Yes, this sort of inflation occurred to the Spanish Empire, when they brought back the American gold from their Conquest. It was not something that was slowly mined, but stolen all at once from the original owners.
They also had an issue of widespread price controls (just prices) that made economic adjustments almost impossible.
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Price controls? Where did I just hear about those? <sarcasm>Oooohhhhhh ….. wasn’t that what Harris was suggesting for housing rents? They must have found some loop hole in economic law to get around all the problems involved. </sarcasm>
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