All You Need to Know About Monetary Inflation and Price Inflation
Channel: The Survival Economist
Date: 23/07/2021

All You Need to Know About Monetary Inflation and Price Inflation

Nowadays when the media or government officials discuss “inflation” they mean “the increase in consumer prices.” However, originally the term referred to an increase in the quantity of money (including bank credit). Here is how Ludwig von Mises, in a 1951 speech, discusses the semantic change and its implications:


👉 For the full transcript go to https://financearmageddon.blogspot.com
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