Yes — iff your monetary base isn’t brought into being by payment of interest. If interest must be payed in order for each unit of currency to exist, then growt

Yes — iff your monetary base isn’t brought into being by payment of interest. If interest must be payed in order for each unit of currency to exist, then growth is required. If not, then equilibrium between stock/flow of money and available goods/services/wealth for sale can be maintained. If currency is brought into being by attachment of wealth (as is done in typical users based Fiat via Liens), then issuance/withdrawal of units of currency is accomplished across the entire base, to ensure absolute value stability vs. a reference basket of arbitrary commodities (or whatever)