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Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion in short, protracted inflation.

Ludwig von Mises

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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Credit
Unemployment
Demand
Expansion
Reiterated
Short
Wages
Protracted
Policy
Policies
Renewed
Higher
Outcomes
Emergence
Serious
Prevent
Inflation
Government
Demands
Prices
Trying
Rising
Outcome

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