Jul 31, 2008

Ludwig von Mises on inflation

Inflationism is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.

~ Ludwig von Mises, On the Manipulation of Money and Credit, p. 48

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