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Government is the only institution that can take a valuable commod

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink. – Ludwig von Mises

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Other Quotes from
Inflation
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The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. – John Maynard Keynes

Category:
Inflation

Someone said that inflation is like jumping off the top of the Empire State Building. The sensation is great as long as you keep on going. – David H. Scott

Category:
Inflation

I wasnt affected by inflation, I had nothing to inflate. – Gerald Barzan

Category:
Inflation

Inflation is determined by money supply growth. – Roger Bootle

Category:
Inflation

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