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Would Our Economy Have Grown As It Has Being on Gold Standard?

Some have argued that our economy wouldn't have grown as it has were we still on the gold standard. This infers that the economy is a zero sum gain and that the only way to grow is via exports with a trade deficit in our favor. Trade aside, can an economy grow with a fixed supply of money?

Posted to Newbies by Pchiou on Sun, Nov 16 2008

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Ludwig von Mises Institute | 518 West Magnolia Avenue | Auburn, Alabama 36832-4528

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