Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money.

It is precisely through falling prices that the fruits of increased productivity and economic growth are spread throughout the market economy.

The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand.

Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money.