What Henry Hazlitt Can Teach Us About Inflation in 2014

6772Mises Daily Monday by James Grant:

In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates. Hazlitt, a student of Mises, exposed the folly of this position in the pages ofNewsweek and elsewhere for more than twenty years. Little has changed since Hazlitt’s day.

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