"We have seen that for governments are inherently inflationary, since inflation is a tempting means of acquiring revenue for the State and its favored groups. The slow but certain seizure of the monetary reins has thus been used to (a) inflate the economy at a pace decided by government, and (b) bring about socialistic direction of the e…
"We have seen that for governments are inherently inflationary, since inflation is a tempting means of acquiring revenue for the State and its favored groups. The slow but certain seizure of the monetary reins has thus been used to (a) inflate the economy at a pace decided by government, and (b) bring about socialistic direction of the entire economy." - Murray N Rothbard, What has Government done to our Money?
"We have seen that for governments are inherently inflationary, since inflation is a tempting means of acquiring revenue for the State and its favored groups. The slow but certain seizure of the monetary reins has thus been used to (a) inflate the economy at a pace decided by government, and (b) bring about socialistic direction of the entire economy." - Murray N Rothbard, What has Government done to our Money?