“No subject is so much discussed today – or so little understood – as inflation. The politicians in Washington talk of it as if it were some horrible visitation from without, over which they had no control – like a flood, a foreign invasion, or a plague. It is something they are always promising to “fight” – if Congress or the people will only give them the “weapons” or “a strong law” to do the job.
Yet the plain truth is that our political leaders have brought on inflation by their own monetary and fiscal policies. They are promising to fight with their right hand the conditions brought on with their left.” Read more or buy it here.
The Inflation Crisis and How to Resolve It
Henry Hazlitt
Via the Ludwig von Mises Institute.
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