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Monetary Neutrality
The concept that in the long run, changes in the money supply have no real effects on economic variables like output or employment, and only affect nominal variables such as prices.
Money Supply
The sum total of cash, coins, and checking and savings account balances available as financial assets in an economy at a certain moment.
Gold Discoveries
The finding of new gold reserves, which can impact economic conditions, including inflation rates and the wealth of a nation.
David Hume
An 18th-century Scottish philosopher, historian, economist, and essayist known for his influential ideas in economics, empiricism, and skepticism.
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