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It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.
Ludwig von Mises The Theory of Money and Credit
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It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.
LM
Ludwig von Mises

The Theory of Money and Credit

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