{
 "rec_id": "media-the-business-cycle-why-doesn-t-a-collapse-or-recession-occur-quickly-when-the-money-supply-is-expanded",
 "course": "the-business-cycle",
 "title": "Why doesn't a collapse or recession occur quickly when the money supply is expanded?",
 "speaker": "Murray N. Rothbard",
 "source_file": "media/The Business Cycle/Why doesnt a collapse or recession occur quickly when the money supply is expanded_ Murray N Rothbard.mp3",
 "model": "medium",
 "language": "en",
 "language_probability": 1,
 "duration_s": 46.8,
 "generated": "2026-08-06T00:16:38Z",
 "generator": "scripts/transcribe_lectures.py (faster-whisper)",
 "machine_generated": true,
 "warnings": [],
 "text": "Why 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.",
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   "text": "Why doesn't the recession happen in a couple of weeks or a month or so?",
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   "text": "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,",
   "logprob": -0.18
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   "text": "is that the banking system, in order to validate the process, keeps inflating.",
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   "text": "It's not a one-shot proposition. In order to keep the price of the other companies afloat,",
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   "text": "they have to continue to increase the money supply, continue to inflate,",
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   "text": "so as to allow, for example, Chrysler to buy more, finance their inventory more, as prices keep going up,",
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   "text": "They don't have to get more bank credit to keep the thing going.",
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   "text": "It's like staying one step ahead of your heroin addict.",
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   "text": "Let's say, increasing the dosage is staying one step ahead of retribution.",
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   "end": 46.52,
   "text": "One step ahead of total collapse by getting a larger dose as they keep the whole inflationary boom afloat.",
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}