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Lecture 12 of 13 · Ludwig von Mises Archives

The Problems of Inflation

Ludwig von Mises · 1:07:19 · Recorded 3 April 1968

Printed paper is the least fit to serve as money.  Paper destroys the monetary system. Various commodities have been employed until silver and gold and then gold alone won out because its quantity cannot be manipulated by the governments.

History of the Austrian School of EconomicsPhilosophy and MethodologyValue and Exchange

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Ludwig von Mises Archives

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Speakers: Ludwig von Mises.

Recording date and topics for this lecture come from the Mises Institute's page for The Problems of Inflation, checked 2026-07-23.