. . Pacific Coast Coin Exchange G LD & L _November 30, 1972 • An exclusive interview Ec 0 ics Professor rray explains why inflation must lea recession or de ression ar o H is articles and I nterviews have been published in the New York Times, Intellectual Digest, The Freeman, Human Events, Quarterly Journal of INFLATION PCCE: What produces inflation? ROTHBARD: An inflationary boom 16 lfl,::,.:ered and fueled by bank credit expansion which. In turn. is generated by the centra...