“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

The Free Market and Its Enemies, speech to the Foundation for Economic Education https://fee.org/library/books/the-free-market-and-its-enemies/ (1951)

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Ludwig von Mises62
austrian economist 1881–1973

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