Review of Austrian Economics
Author:
Paul A. Cantor
Online Publish Date:
One may say that, apart from wars and revolutions, there is nothing in our modern civilizations which compares in importance to [inflation]. The upheavals caused by inflations are so profound that people prefer to hush them up and conceal them. —Elias Canetti, Crowds and Power I. With the worldwide collapse of socialism as an economic system,