Why doesn't a collapse or recession occur quickly when the money supply is expanded?

Murray N. Rothbard · 0:47 · Recorded 13 July 2009

Why doesn't a collapse or recession occur quickly when the money supply is expanded? by Murray N. Rothbard is a free audio lecture (0:47) at freecapitalists.org, recorded 13 July 2009, part of the 24-lecture series The Business Cycle.

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0:00Why doesn't the recession happen in a couple of weeks or a month or so? Well, the reason it doesn't happen in a couple of weeks, you don't have a quick boom, a quick recession, almost before you can see it, is that the banking system, in order to validate the process, keeps inflating. It's not a one-shot proposition. In order to keep the price of the other companies afloat, they have to continue to increase the money supply, continue to inflate, so as to allow, for example, Chrysler to buy more, finance their inventory more, as prices keep going up, They don't have to get more bank credit to keep the thing going. It's like staying one step ahead of your heroin addict. Let's say, increasing the dosage is staying one step ahead of retribution. One step ahead of total collapse by getting a larger dose as they keep the whole inflationary boom afloat.

Part of a series

The Business Cycle

24 lectures, 0.5 hours, recorded 2009. See the full series or subscribe by RSS.

Speakers: Murray N. Rothbard.

Recording date and topics for this lecture come from the Mises Institute's page for Why doesn't a collapse or recession occur quickly when the money supply is expanded?, checked 2026-08-04.

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Can I listen to Why doesn't a collapse or recession occur quickly when the money supply is expanded? free?: Yes. It plays as audio in the browser on this page, and downloads free with no signup.
How long is Why doesn't a collapse or recession occur quickly when the money supply is expanded??: The recording runs 0:47.
Who gave the lecture Why doesn't a collapse or recession occur quickly when the money supply is expanded??: Murray N. Rothbard delivered it, in the series The Business Cycle.
When was Why doesn't a collapse or recession occur quickly when the money supply is expanded? recorded?: It was recorded 13 July 2009.
What series is Why doesn't a collapse or recession occur quickly when the money supply is expanded? part of?: It is lecture 21 of 24 in The Business Cycle, which is free to stream or download in full.