Friday, October 29, 2010

War and Inflation: Financing the Empire - Thomas J. DiLorenzo - Mises Media(MPEG-4 Video)

Wars are financed by central banks by printing endless amounts of paper money, thus secretly taxing people by inflation.

War and Inflation: Financing the Empire - Thomas J. DiLorenzo - Mises Media(MPEG-4 Video)

"One can say without exaggeration, ‘that inflation is an indispensable means of militarism. Without it, the repercussions of war on welfare become obvious much more quickly and penetratingly. War weariness would set in much earlier.'" ~Von Mises

1 comment:

Lisa Hassler said...

I knew there was a reason I liked having y'all as friends!