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An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation.
Drawn from what Lyn Alden said
What Lyn Alden actually said
- Lyn Alden Investment researcher and engineer who runs Lyn Alden Investment Strategy
There were booms and busts, and cumulative price inflation was zero, and the United States went from a new-world emerging backwater in the late 1700s to being the world's largest economy by the late 1800s.
Where this was said
↗Fractional Reserve Banking 101lynalden.com
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Added to korrents 20 Sept 2026 · How quotes work · Something wrong? Tell us
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