Look at the silly term "inflationary
pressures." There is no such thing as an "inflationary
pressure." There is inflation or there is the absence of inflation. If
there is no increase in the quantity of money and if there is no credit
expansion, the average height of prices and wages will by and large remain
unchanged. But if the quantity of money and credit is increased, prices and
wages must rise, whatever the government may decree. If there is no inflation,
price control is superfluous. If there is inflation, price control is a sham, a
hopeless venture.
--Ludwig von Mises. Inflation: An Unworkable Fiscal Policy
--Ludwig von Mises. Inflation: An Unworkable Fiscal Policy
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