Lecture 12 of 13 · Ludwig von Mises Archives
The Problems of Inflation
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
13 lectures, 11.4 hours, recorded 1958–1972. See the full series or subscribe by RSS.
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.