hundreds, even thousands, years, people completely failed see variatio — Ludwig von Mises, Theory Money Credit

Credit Ludwig von Mises The Theory of Money

Norway Timelapse
PlayPlay

previous arrow
next arrow
Norway Timelapse
Budapest Timelapse
Iceland Timelapse
Berlin Timelapse
London Timelapse
previous arrow
next arrow

For hundreds, even thousands, of years, people completely failed to see that variations in the objective exchange-value of money could be induced by monetary factors. They tried to explain all variations of prices exclusively from the commodity side.

Ludwig von Mises, The Theory of Money and Credit

Related Authors: Ludwig von Mises | The Theory of Money | Credit

Related Topics: capitalism, economics, freedom, money

Leave a Reply

Your email address will not be published. Required fields are marked *