tag:blogger.com,1999:blog-1740670447258719504.post8957765208781062353..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: ABCT questionEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1740670447258719504.post-17781111547979491652012-12-20T17:01:04.475-05:002012-12-20T17:01:04.475-05:00Slightly off topic, but...
"If the particula...Slightly off topic, but...<br /><br />"If the particular conditions of a given case of depreciation are such that wealth is transferred to the rich from the poor, then admittedly saving (and consequently capital-accumulation) will be encouraged, production will consequently be stimulated, and so the welfare of posterity increased." - Mises, Theory of Money and Credit, pg 221.<br /><br />Mises thought inflation stimulated real growth, as long as it transferred wealth from the poor to the rich. How's that for a wowzers?Major_Freedomnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-36273609574703283242012-12-19T19:56:34.793-05:002012-12-19T19:56:34.793-05:00I'd say "in the air". The only perso...I'd say "in the air". The only person that comes to mind is Roger Garrison, but then I'm not even sure he uses this term often! I just recall him frequently using the terms boom and bust - I imagine he threw in unsustainable with it, but I doubt he's the one who popularized it...edarniwnoreply@blogger.com