The Inflationist View of History
![Audio Mises Daily](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=HX5j0Mze 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=7si7BCUy 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=xLspfHof 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=yGSOJ_DF 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=JPh5-XGS 1530w)
With an inflationary or deflationary policy, a government does not promote the public welfare, the commonweal, or the interests of the whole nation. It merely favors one or several groups of the population at the expense of other groups, writes Ludwig von Mises (1881–1973).
This audio Mises Daily is narrated by Jeff Riggenbach.