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The gold supply is constantly increasing. It has been for well before the US government existed. If that isn’t long term inflation I don’t know what is.
Price inflation and gold (or money) supply are two different things, and have two different meanings. Read the pages indicated above before ridiculing yourself.
Further reading : Selgin Lastrapes & White (2010, p 41-42), Selgin (1988, p 108-111)
No they haven’t.
Spare me of your imbecilic and moronic replies. Don’t speak as if you were more knowledgeable than me on free banking.
The Experience of Free Banking
Free Banking in Britain
Free-banking revisited: the Chilean experience 1860-1898
Truth About Free Banking in Chile : Selgin versus Rothbard
Free banking as an evolving system: the case of Switzerland reconsidered
Free Banking in Sweden, 1830–1903: Experience and Debate
Is the Law of Reflux Valid?
The Provision of Liquidity in the Swedish Note Banking System
The ‘Free Banking’ in Hong Kong
Is Free Banking More Prone to Bank Failures than Regulated Banking?
Free Banking in Australia : A Failure ?
Do Economists Reach a Conclusion on Free-Banking Episodes?
The Selgin paper doesn’t address the fact that the business cycle moderated after the introduction of the Fed and countercyclical policy.
Read the entire paper before making such unfounded conclusions.
It’s likely that many deposit insurance schemes are overfunded, but lowering DI isn’t the same as getting rid of it entirely. Looking at introduction of new schemes is a different story.
Again, stop throwing me your idiotic answers. I have replied to you before. Don’t make me repeat myself.