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An increase in the money supply, then, only dilutes the effectiveness of each gold ounce; on the other hand, a fall in the supply of money raises the power of each gold ounce to do its work. We come to the startling truth that it doesn’t matter what the supply of money is. Any supply … Read more
Defining Inflation According to Murray Rothbard and Ludwig von Mises, inflation is defined as the increase of the money supply out of “thin air.” Following this definition, one can ascertain that increases in money supply set economic impoverishment in motion by creating an exchange of nothing for something, the so-called counterfeit effect. Contrary to popular thinking, inflation … Read more
“While Mises and Rothbard differed on whether inflation should include or exclude new gold inflows, they both agreed that inflation is not an increase in prices but rather an increase in the supply of money and credit.” Source: Taking Back the Meaning of “Inflation”
by Saifedean Ammous
by Satoshi Nakamoto
by Andreas M. Antonopoulos
