“The increase in the quantity of money does not mean an increase of income for all individuals. On the contrary, those sections of the community that are the last to be reached by the additional quantity of money have their incomes reduced, as a consequence of the decrease in the value of money called forth by the increase in its quantity; this will be referred to later. The reduction in the income of these classes now starts a counter-tendency, which opposes the tendency to a diminution of the value of money due to the increase of income of the other classes, without being able to rob it completely of its effect.”
— The Theory of Money and Credit (LvMI) by Ludwig von Mises
https://a.co/1CFkLKq
jon
npub1wt…cjjv2
2024-05-20 17:25:04
Author Public Key
npub1wtfnlhvhvm90lgsgyd6cu82tj3v429y7qkuu54srwzxpefppc2zq3cjjv2Published at
2024-05-20 17:25:04Event JSON
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"content": "“The increase in the quantity of money does not mean an increase of income for all individuals. On the contrary, those sections of the community that are the last to be reached by the additional quantity of money have their incomes reduced, as a consequence of the decrease in the value of money called forth by the increase in its quantity; this will be referred to later. The reduction in the income of these classes now starts a counter-tendency, which opposes the tendency to a diminution of the value of money due to the increase of income of the other classes, without being able to rob it completely of its effect.”\n\n— The Theory of Money and Credit (LvMI) by Ludwig von Mises\nhttps://a.co/1CFkLKq",
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