Mises Wire

The slow, systematic destruction of the dollar's purchasing power

The slow, systematic destruction of the dollar's purchasing power

It's interesting to look the producer price index and consider how extreme and relentless are price increases over time, and it strikes me that the lack of public outcry about this must represent some sort of price-trend acculturation that has taken place. We have come to expect it, the way we expect government to rob us of 30-40% of our income through one means or another.

All Rights Reserved ©
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute