The Survival Economist: All you Need to Know about Monetary Inflation and Price Inflation

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The Survival Economist
Premiered Jul 24, 2021

Nowadays when the media or government officials discuss “inflation” they mean “the increase in consumer prices.” However, originally the term referred to an increase in the quantity of money (including bank credit). Here is how Ludwig von Mises, in a 1951 speech, discusses the semantic change and its implications:

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