Medieval "Cantillon Effect".

"If the increase of actual money comes from gold or silver mines which are found in a State, the owner of these mines, the entrepreneurs, the smelters, the refiners, and all the other workers will increase their expenses in proportion to their profits. They will consume in their households more meat, wine, or beer than before, they will accustom themselves to wear better clothes, finer linen, to have more furnished houses and other more exquisite conveniences of life."