Printing Money at a “Constant” or “Stable” Rate Won’t Prevent Boom-Bust Cycles

Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that.

https://mises.org/wire/printing-money-constant-or-stable-rate-wont-prevent-boom-bust-cycles