Mere inflationthat is the mere issuance of more money with the consequence of higher wages and pricesmay look like the creation of more demand. But in terms of the actual production and exchange of...

Mere inflationthat is the mere issuance of more money with the consequence of higher wages and pricesmay look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.
Henry Hazlitt

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need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.
- Henry Hazlitt
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The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.
- Henry Hazlitt

Mere inflationthat is the mere issuance of more money with the consequence of higher wages and pricesmay look like the creation of more demand. But in terms of the actual production and exchange of real things it is not. Henry Hazlitt

Mere inflationthat is the mere issuance of more money with the consequence of higher wages and pricesmay look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.
Henry Hazlitt