Home Price Growth and Money Supply Growth

Rothbard: I was shocked at just how closely with about a one year lag that big increases in the money supply matched up with increases in home prices. And so you can look back into the 80s and even sooner really and you look at just the larger trends when money supply, when it's growth rate, less. Rothbard: When it decreases, when it decelerates in terms of money supply growth, you start to see several months later, a slowing down in home Prices.