Mere inflation-that is, the mere issuance of more money, with the cons…

Henry Hazlitt
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Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not. ✨ Henry Hazlitt (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, p.23, Crown Business
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