The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos.


What You Should Know about Inflation (ed. Ludwig von Mises Institute, 1965) - ISBN: 9781610162814

Henry Hazlitt Quotes

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no...

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no...

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no...

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no...