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i am trying to learn about fiat currency inflation and gold inflation. i have read blog entries at mises.org site claiming gold production rates at about 3 percent per year.?? i assume, correct me if i am wrong here, that the gold is paid for with fiat currencies. would the inflationary characteristics...
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http://www.economagic.com/em-cgi/charter.exe/fedstl/m1sl this link shows a chart that indicates that m1, since 1990, has about doubled. about a 5% increase per year. i understand m1 to be the AMB plus (as AMB, currency iow, makes its way through the banking system) 'fiduciary media'. many posts...