A Seminar on Money
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Description
From a practical point of view, the supply of money is very different from the supply of any other good. An increase in other goods, like shoes or meat, is a welcome event, but an increase in the supply of money dilutes the purchasing power of each money unit.
More Episodes
Mises explains why socialism always fails due to the absence of a free market pricing structure for capital goods.
Published 01/24/72
Published 01/24/72
Mises explained why socialism always fails due to the absence of a free market pricing structure for capital goods. Presented in 1971, Ron Paul alludes to this speech in his book End the Fed.
Published 01/24/72