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

Summary:
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. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "Say's Law and the Effects of a Growing Money ...

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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.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

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

Alasdair Macleod
Alistair MacLeod, OC FRSC (July 20, 1936 – April 20, 2014) was a Canadian novelist, short story writer and academic. His powerful and moving stories vividly evoke the beauty of Cape Breton Island's rugged landscape and the resilient character of many of its inhabitants, the descendants of Scottish immigrants, who are haunted by ancestral memories and who struggle to reconcile the past and the present. MacLeod has been praised for his verbal precision, his lyric intensity and his use of simple, direct language that seems rooted in an oral tradition.

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