Mises Daily
Author:
Thorsten Polleit
Online Publish Date:
from analyzing monetary matters from the point of view of the Austrian School of Economics, it becomes crystal clear that the very foundations of the monetary system on which economic prosperity of the industrial countries so heavily depends keep deteriorating upward movements of consumer price indices. Figure 2 (a) to (c) shows the annual growth of bank loans and real output for the period 1981-Q1 to 2005-Q4. In the United