Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i. e., for cash holdings.


The Free Market and Its Enemies, speech to the Foundation for Economic Education (1951)

Ludwig von Mises Quotes

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i. e., for cash holdings.

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i. e., for cash holdings.

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i. e., for cash holdings.

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i. e., for cash holdings.