Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.
Ludwig von MisesDepressions and mass unemployment are not caused by the free market but by government interference in the economy.
Ludwig von MisesIn a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
Ludwig von MisesIf you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
Ludwig von Mises