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Credit Expansion vs. Simple Inflation

  • Audio Mises Daily
June 4, 2010

Tags World HistoryCapital and Interest TheoryInterventionism

There are instances in which the methods of genuine credit expansion are used for an utterly different purpose: to allow the government to take advantage of the facilities of banking as a substitute for issuing fiat money, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

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