Home Top News Could Gold Discoveries Cause the Austrian Boom-Bust Cycle?

Could Gold Discoveries Cause the Austrian Boom-Bust Cycle?

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In a 2019 article, Bob quoted Mises who believed that new gold discoveries, in principle, could cause a (small) boom-bust cycle if the gold hit the loan market before other sectors. Walter Block and Bill Barnett have responded in a new article, arguing that in a free market, new commodity money can’t cause such distortions.

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