"Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult."

Economics, Money, Inflation, Trade

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"Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult."

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Explore more quotes by Ludwig von Mises

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"Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being."

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"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."

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