“Inflation in One Page” – Henry Hazlitt
“Prolonged inflation never “stimulates” the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. Unemployment is mainly caused by excessive wage rates in some industries, brought about either by extortionate union demands, by minimum wage laws (which keep teenagers and the unskilled out of jobs), or by prolonged and over-generous unemployment insurance.” Read more.
“Inflation in One Page”
Henry Hazlitt
The Freeman, May 1978, Volume 28, Issue 5.
Via the Foundation for Economic Education.
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