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44 sats \ 2 replies \ @Rothbardian_fanatic 9h \ parent \ on: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle? econ
Is the quantity of new-found gold large enough to drastically increase the supply of gold? Perhaps, the amount of gold to be mined at any one time is not marginally great enough to cause huge percentage swings in the price of money (interest and such).
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20 sats \ 1 reply \ @Undisciplined OP 9h
It certainly could be. There isn't all that much mined gold on Earth and many asteroids have been found with orders of magnitude more.
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22 sats \ 0 replies \ @Rothbardian_fanatic 9h
However, we cannot quite grasp them yet and extract the metals. That is for the future and is quite unpredictable.
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