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Say's Law and the Effects of a Growing Money Supply

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Tags Booms and BustsMoney and Banks

08/06/2020Alasdair Macleod

Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply.

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Original Article: "Say's Law and the Effects of a Growing Money Supply​".

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Author:

Alasdair Macleod

Alasdair Macleod is the Head of Research at Goldmoney.

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