Quote from: Life Topic

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.


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Author Bio


  • NameHenry Hazlitt
  • DescriptionAmerican journalist
  • BornNovember 28, 1894
  • DiedJuly 9, 1993
  • CountryUnited States Of America
  • ProfessionJournalist; Economist; Philosopher