
I chanced this morning on the superb collection of essays from Ludwig von Mises, The Causes of the Economic Crisis and Other Essays Before and After the Great Depression (PDF). In his Stabilization of the Monetary Unit—From the Viewpoint of Theory written in 1923, he showed considerable foresight: Only the hopelessly confirmed statist can cherish the hope that a money, continually declining in value, may be maintained in use as money over the long run. That the German mark is […]
Tags: Banking, Books, Ideas, Mises, Money