All Posts Tagged With: "Hugo Chavez"

Why “Inflation” Is Back

“Government,” observed the renowned Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, [...]

1Nov2008 | Lawrence W. Reed | 9 comments | Continued
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