Free money against "inflation bias"

Ludwig von Mises Institute
by Thorsten Polleit

"Today's mainstream economics maintains that inflation -- defined as an ongoing rise of the economy's price level over time -- is 'a prerequisite for a growing and thriving world.' A great number of arguments in support of the 'inflationist view' have been put forward. For instance, inflation would be needed to allow real wages and employment to adjust more smoothly to changing market conditions." (11/14/06)

Entire article:
http://www.mises.org/story/2373