โข
What You Should Know About Inflation Henry Hazlitt Excerpt provided by the Ludwig von Mises Institute Completeย text found here.
โข
Theory of Money and Credit Ludwig von Mises Copyright 1981 by Liberty Fund Inc. Via the Library of Economics and Liberty
โข
Economic Myths and Irrelevancy A Minority View by Walter Williams
โข
The Ethics of Money Production J. Guido Hulsmann Copyright 2008 by the Ludwig von Mises Institute
โข
Fiat Money Inflation in France: How it came, what brought it and how it ended Andrew Dickinson White New York: D. Appeltonย & Co., 1896. Via Liberty Fund
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Inflation is the result of more dollars chasing the same number of (or fewer) goods. As the Nobel laureate Milton Friedman put it, in one of his main contributions to โmonetaristโ economics, inflation is always and everywhere a monetary phenomenonโthat is, itโs caused by an expansion in the supply of money or credit. So why…
โข
“A Treatise on Money” Juan de Mariana via The Acton Institute Journal of Markets & Morality, Vol. 5, No. 2, Fall 2002.
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Put differently: the 1920-21 episode was, in fact, a severe, though not particularly long, recession. Allowing the money supply to fall isn’t painless. Allowing the money supply to fall in an environment of severe downward wage rigidity is VERY “not painless.” The 1920-21 episode doesn’t demonstrate that deflation is harmless. It DOES demonstrate that if…
โข
What Has Government Done to Our Money? Murray M. Rothbard Copyright 1980 by The Ludwig von Mises Institute
โข
What You Should Know About Inflation Henry Hazlitt Excerpt provided by the Ludwig von Mises Institute Completeย text found here.
โข
Theory of Money and Credit Ludwig von Mises Copyright 1981 by Liberty Fund Inc. Via the Library of Economics and Liberty
โข
Economic Myths and Irrelevancy A Minority View by Walter Williams
โข
The Ethics of Money Production J. Guido Hulsmann Copyright 2008 by the Ludwig von Mises Institute
โข
Fiat Money Inflation in France: How it came, what brought it and how it ended Andrew Dickinson White New York: D. Appeltonย & Co., 1896. Via Liberty Fund
โข
Inflation is the result of more dollars chasing the same number of (or fewer) goods. As the Nobel laureate Milton Friedman put it, in one of his main contributions to โmonetaristโ economics, inflation is always and everywhere a monetary phenomenonโthat is, itโs caused by an expansion in the supply of money or credit. So why…
โข
“A Treatise on Money” Juan de Mariana via The Acton Institute Journal of Markets & Morality, Vol. 5, No. 2, Fall 2002.
โข
Put differently: the 1920-21 episode was, in fact, a severe, though not particularly long, recession. Allowing the money supply to fall isn’t painless. Allowing the money supply to fall in an environment of severe downward wage rigidity is VERY “not painless.” The 1920-21 episode doesn’t demonstrate that deflation is harmless. It DOES demonstrate that if…
โข
What Has Government Done to Our Money? Murray M. Rothbard Copyright 1980 by The Ludwig von Mises Institute
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