Ludwig von Mises Quotes About Inflation

Quotes about: Inflation

• The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.

  Ludwig von Mises

  Country, Order, Government

• Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

  Ludwig von Mises

  Party, Government, People

• Continued inflation inevitably leads to catastrophe.

  Ludwig von Mises

  Inflation, Catastrophe

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

• 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.

  Ludwig von Mises

  Important, Elements, Disease

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.72, Ludwig von Mises Institute

• 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.

  Ludwig von Mises

  Order, Needs, Voters

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.436, Skyhorse Publishing, Inc.

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

  Ludwig von Mises

  Demand, Cash, Increase

  "The Free Market and Its Enemies". Ludwig von Mises' speech to the Foundation for Economic Education, 1951.

• 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 .

  Ludwig von Mises

  Government, Cogs, Arbitrary

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.428, Skyhorse Publishing, Inc.

• What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.

  Ludwig von Mises

  Commodity Prices, People, Investing

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

• 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.

  Ludwig von Mises

  Progress, Income, Making Money

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

• If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.

  Ludwig von Mises

  Government, Evil, Balance

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.73, Ludwig von Mises Institute

• 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.

  Ludwig von Mises

  Government, Rising Prices, Trying

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

• Inflation is essentially antidemocratic.

  Ludwig von Mises

  Inflation

  Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

• Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

  Ludwig von Mises

  War, Important, Revolution

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.224, Skyhorse Publishing, Inc.

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