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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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Inflation is the one form of taxation that can be imposed without legislation. – Milton Friedman

Category:
Inflation

Remember when $25, 000 was a success? Now it is a garbage collector. – Frank Dane

Category:
Inflation

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

Inflation is the crabgrass in your savings. – Robert Orben

Category:
Inflation

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