Mere inflation-that is, the mere issuance.... : Quote by Henry Hazlitt

“ Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not. ”

Henry Hazlitt
  • From : Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics
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