In such an environment, gold and other precious metals offer some insurance against excessive expansion of money supply.

这种环境下，黄金和其他贵金属为过度扩张的货币供应量提供了一定的风险对冲。

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Merentes had the support of investors until he supervised an expansion of the money supply that helped fuel inflation to a reported 800% last year.

梅伦特斯得到过投资者的支持，直到他主导了货币供应量扩张，助推去年的通货膨胀率上升到了据报道的800%。

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This multiple expansion of the money supply is called the money multiplier.

FORBES: How Has The Fed Evolved?

In addition, the rapid expansion of the money supply causes the currency to lose value against hard assets and foreign currencies.

FORBES: Inflation Destroys Real Wages

Loose credit and attendant uncontrolled expansion of the money supply, for example, have kept comatose inefficient state-owned enterprises alive and reignited raging inflation.

CENTERFORSECURITYPOLICY: Center For Security Policy