All LUDWIG VON MISES Quotes about “Inflation”

“Continued inflation inevitably leads to catastrophe.”
“The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.”
“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.”
“Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.”
“Inflation is essentially antidemocratic.”
“Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .”
“Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.”
“Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.”
“Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.”
“The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.”

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