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Some people have argued that tulip mania was driven by monetary policy. When discussing supply and demand, it's not only about supply and demand of the goods or
by cryptica 5y ago
Some people have argued that tulip mania was driven by monetary policy. When discussing supply and demand, it's not only about supply and demand of the goods or services, it's also about supply and demand of the currency which those goods and services trade against. Changes in the supply of a currency can affect prices in unpredictable ways; inflation is not evenly distributed.