Capitalism Quote by Ludwig von Mises
“Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.”
About This Quote
Source Book: Human Action, Ludwig von Mises, 1949
Inflation is often used as a tool in wartime and revolutionary economies, and also appears in socialist policies.
In simple terms: Inflation is used in war, revolution, and socialism.
Key Takeaway
Recognize inflation’s political uses.
Themes
economics
politics
war
revolution
socialism
Mood
analytical
critical
Type
economic
historical
When to use this quote
- wartime financing
- revolutionary funding
- socialist planning
Key Concepts
inflationary policy
resource allocation
state power
Questions to Reflect On
- Why do governments resort to inflation in crises?
- Can inflation be a deliberate strategy?
A Different Perspective
Inflation can erode purchasing power and destabilize economies.
![“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy…” quote by Joseph Stalin](https://sms4smile.com/quotes/img-quotes/411/joseph-stalin-1734_capitalism_neither-italian-fascism-nor-german-natio_1430.jpg)
