In the early 1700s, France turned on the taps of paper-money inflation. At the same time, England turned instead to a more subtle device for accomplishing the same inflationary objective: the creation of a new institution in history — a central bank. FULL ARTICLE by Murray N. Rothbard
Source link: http://archive.mises.org/12882/mercantilism-and-inflation/
Mercantilism and Inflation
Previous post: Measuring the Immeasurable
Next post: Freedom of Association
{ 2 comments }
To sum up, the heart of the problem is the government !
Link to the complete article seems to be broken: it takes me to a page which is blank except for the following: Mises Daily
New articles appear every day.
All Authors | List View | Album View
Comments on this entry are closed.