Ludwig von Mises Quote

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.


Planning for freedom, and twelve other essays and addresses (ed. 1974)


What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in...

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in...

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in...

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in...