There is no need to dwell upon the disastrous consequences of inflation. All people agree in this regard. But inflation is a very convenient makeshift for those in power. It is a handy means to divert the resentment of the people from the government. In the eyes of the masses, big business, the “profiteers,” the merchants–not the Administration–appear responsible for the rise in prices and the ensuing need to restrict consumption.
–Ludwig von Mises. Inflation: An Unworkable Fiscal Policy
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The Folly of Elastic Money and the Coming Monetary Breakdown
