This was the argument put forward during the War when the expenditure on the army and navy had to be met; and this was the argument put forward in Germany and Austria after the War when a part of the population had to be provided with cheap food, the losses on the operation of the railways and other public undertakings met, and reparations payments made. The assistance of inflation is invoked whenever a government is unwilling to increase taxation or unable to raise a loan; that is the truth of the matter. Ludwig Von Mises
About This Quote

John Maynard Keynes said this in his essay "Economic Possibilities for our Grandchildren", published in 1930. He was pointing out that if we don’t do something we can’t control inflation which will hurt the economy and the population.

Source: The Theory Of Money And Credit

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