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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Nowadays, a penny saved is ridiculous! – Shelby Friedman

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Having a little inflation is like being a little pregnant. – Leon Henderson

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

Category:
Inflation

Imagine believing in the control of inflation by curbing the money supply! That is like deciding to stop your dog fouling the sidewalk by plugging up its rear end. It is highly unlikely to succeed, but if it does it kills the hound. – Michael D. Stephens

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