Mises Wire
Author:
Ludwig von Mises
Online Publish Date:
[This essay is a selection from lecture 7 in Marxism Unmasked: From Delusion to Destruction .] The banks very often expand credit for political reasons. There is an old saying that if prices are rising, if business is booming, the party in power has a better chance to succeed in an election campaign than it would otherwise. Thus the decision to