How Money Production Can Worsen Income InequalityJörg Guido HülsmannMises Institute Mar. 02, 2015 |
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The starting point for any serious reflection on our subject is the fact that money production does not bring about uniform and simultaneous changes. An increasing money supply tends to entail a higher money price level, but the individual prices change at different points of time and each to a different extent (i.e., Cantillon effects). Read More |