pull down to refresh

44 sats \ 2 replies \ @Rothbardian_fanatic 26 Nov \ 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).
write
preview
20 sats \ 1 reply \ @Undisciplined OP 26 Nov
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.
reply
22 sats \ 0 replies \ @Rothbardian_fanatic 26 Nov
However, we cannot quite grasp them yet and extract the metals. That is for the future and is quite unpredictable.
reply