Ludwig von Mises Quotes:
Ocupation: Philosopher
Life: September 29, 1881 - October 10, 1973
Birthday: September 29
Death: October 10
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
source: Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”
topic: Commodity Prices, People, Investing
