Skip to content

Who is responsible for inflation?

July 19, 2011

The best proof that inflation, the increase in the quantity of money, is very bad is the fact that those who are making the inflation are denying again and again, with the greatest fervor, that they are responsible. “Inflation?” they ask. “Oh! This is what you are doing because you are asking higher prices. We don’t know why prices are going up. There are bad people who are making the prices go up. But not the government!”

— Ludwig von Mises, “Deficit Financing” and Inflation

Advertisements

From → Quotes

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: