Rothbard said the size of the money supply is not important as long as money production follows the market process. He was therefore implicitly in favor of a naturally limited money supply whose growth is extremely slow.
True, no one called for artificial deflation. But he viewed productivity-driven deflation as healthy.
Why do you view maximally deflationary environment so critically?
mouhead3000 / Mouhead
npub12w…pept8
2025-06-13 19:53:50 CEST
in reply to nevent1q…gcez
Author Public Key
npub12wzlyxdcgtmtk7z6wsa9fty7fyu0kqzd5w7vdfrs0l0fy6pmj09szpept8Seen on
wss://nos.lolPublished at
2025-06-13 19:53:50 CESTEvent JSON
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