"When a government increases the quantity of paper money, the result is that the purchasing power of the monetary unit begins to drop, and so prices rise. This is called inflation." - Ludwig von Mises
Lecture 4 from Mises’ Six Lessons, read out loud for you by nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u
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I have listened to some of your podcasts about him, understand what he is saying, but still trying to wrap my head around it actually works. ( printing more money has specific effects ). I need to listen to them all, and maybe listen again.
