Other inflationists realize very well that.... : Quote by Ludwig von Mises

“ Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult. ”

Ludwig von Mises
  • From : The Theory of Money and Credit
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