The Lost Audio Tape of Mises on Inflation

This is awesome news. There are very few tapes of the great Austrian economist Ludwig von Mises.

Daniel Sanchez reports:

This was just found in the LvMI archives: Ludwig von Mises speaking on “The Problems of Inflation” at FEE in 1968.

At 41:34, Mises says, “What the individual American… has to realize is that  the policy of inflation… makes it impossible for him to organize his working, earning, spending, and saving in such a way that he could provide for the future of his family.  This is why inflationary policy is the most radical revolutionary institution in the world.”

At 1:02:03, Mises recommends reading Murray Rothbard’s America’s Great Depression to understand how credit expansion causes the business cycle.