It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.

Ludwig Von Mises
About This Quote

Inflation is a condition where prices rise rapidly. There are many different factors that can cause inflation, but the most common ones are excessive money supply and government printing of their own currency. Inflation can lead to a decrease in the value of money, which is more than offset by the fact that money is backed by something of real value.

Source: The Theory Of Money And Credit

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