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The Problems of Inflation

  • Ludwig von Mises Archives
April 16, 2012

Tags History of the Austrian School of EconomicsPhilosophy and MethodologyValue and Exchange

Printed paper is the least fit to serve as money.  Paper destroys the monetary system. Various commodities have been employed until silver and gold and then gold alone won out because its quantity cannot be manipulated by the governments.

Presented at FEE on 3 April 1968.

Includes a portion of the Question and Answer period.

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