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"The most important thing to remember is that inflation is not an act of God. Inflation is a policy."

— Ludwig von Mises

The Most Important Thing To Remember

The most important thing to remember is that inflation is not an act of God. Inflation is a policy.

— Ludwig von Mises
economics government inflation

About this quote

From Economic Policy: Thoughts for Today and Tomorrow (1979), a collection of lectures Mises delivered in Buenos Aires in 1959. Mises was speaking in Argentina during a period of severe inflation caused by government deficit spending, and he was insistent that inflation never happens by accident or market failure — it is always the result of a deliberate decision by monetary authorities to expand the money supply beyond what the economy's productive capacity justifies.

Source

Economic Policy: Thoughts for Today and Tomorrow (1979)

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