Message:

<p>[QUOTE=&quot;physics-fan3.14, post: 2376553, member: 19165&quot;]One of the most significant periods of inflation came about with the Spaniards discovery of the silver mines in South America. This was an extended and significant inflation, and a study of economic history makes it quite interesting (Adam Smith talked about it 1776 in his Wealth of Nations, for example). Another example would be periods after a gold rush, such as California in 1849. Modern money has made it much easier to inflate (and fiat currencies experience far more widespread and far more significant inflation, despite what Doug may claim). </p><p><br /></p><p>However, inflation is defined as either &quot;a sustained increase in the price of goods&quot; or &quot;a sustained increase in the monetary supply&quot; (and some would argue that the latter is the cause of the former). With a larger supply of precious metals, there is a larger supply of money.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in