Mises Daily
Author:
Christopher P. Casey
Online Publish Date:
. . . there is no record in the economic history of the whole world, anywhere or at any time, of a serious and prolonged inflation which has not been accompanied and made possible, if not directly caused, by a large increase in the quantity of money. — Gottfried Haberler, Inflation, Its Causes and Cures (1960) The phrase “not worth a continental”