When individuals are exchanging present goods.... : Quote by Ludwig von Mises

“ When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money. ”

Ludwig von Mises
  • From : The Theory of Money and Credit
  • Report, if you have a problem with this page