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While reading through MESwPM I noticed that Rothbards definition of inflation differs significantly from Mises's. Rothbard's- The process of issuing pseudo warehouse receipts or, more exactly, the process of issuing money beyond any increase in the stock of specie, may be called inflation....
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- Ludwig Von Mises
- Inflation
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A PDF version of this post is attached for an easier read.===============================================================Debunking Austrian economicsLately I've been looking into Austrian economics. So far it seems to be a well-put together theory. Actually, I don't see anything particularly new....
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- Austrian
- Austrian economics
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