Mercantilism and Inflation
In the early 1700s, France turned on the taps of paper-money inflation. At the same time, England turned instead to a more subtle device for accomplishing the same inflationary objective: the creation of a new institution in history — a central bank, writes Murray N. Rothbard (1926–1995).
This audio Mises Daily is narrated by Jeff Riggenbach.
The skinny
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