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Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor

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Tags The FedInflationU.S. Economy

02/01/2023Doug French

Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.

Original Article: "Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor"

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Author:

Doug French

Douglas French is President Emeritus of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

Original Article: 
Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor