Maine Open Currency
P.O. Box 340
Southwest Harbor, ME   04679

Robert Page
Community Trade Coordinator
207-669-8200

rpage@opencurrencyme.com

As we see more and more evidence for massive and unavoidable inflation building in the U.S., some quotes on the subject of inflation from the great Austrian economist, Ludwig Von Mises seem in order.

These speak for themselves:

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
                                                         Planning for Freedom, P. 79

No increase in the welfare of the members of a society can result from the availability of an additional quantity of money.
                                                        The Theory of Money and Credit


The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
                                                        Economic Policy, P.72


The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
                                                         The Theory of Money and Credit, P. 479


The assistance of inflation is invoked whenever a government is unwilling to increase taxation or unable to raise a loan; that is the truth of the matter.
                                                        The Theory of Money and Credit, P. 253


Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.
                                                  On the Manipulation of Money and Credit, P.48

It would be a serious blunder to neglect the fact that inflation also generates forces which tend toward capital consumption. One of its consequences is that it falsifies economic calculation and accounting. It produces the phenomenon of illusory or apparent profits.
                                                      Human Action, P.546


One can say without exaggeration that inflation is an indispensable intellectual means of militarism. Without it, the repercussions of war on welfare would become obvious much more quickly and penetratingly; war-weariness would set in much earlier.
                                                    Nation, State, and Economy, P.163


Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism.
                                                    The Theory of Money and Credit, P. 468


Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.
                                                    The Theory of Money and Credit, P. 485


But the certain fact about inflation is that, sooner or later, it must come to an end. It is a policy that cannot last.
                                                    Economic Policy, P.63