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2025-05-24 21:18:31

Kanzan on Nostr: Mises didnt think expansion of the monetary supply was inflation. ...

Mises didnt think expansion of the monetary supply was inflation.
"There is only one meaning that can rationally be attached to the expression 'Inflation':
an increase in the quantity of money that *is not offset* by a corresponding increase in the need for money"

Ludwig von Mises on tail emission


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