Argentina's Monetary Policy Reveals Germany's Loss of Control

Argentina's Monetary Policy Reveals Germany's Loss of Control Submitted by Thomas Kolbe Javier Milei is a politician who was trained along the lines of the Austrian School of Economics. For him, the maxim coined by Ludwig von Mises applies: inflation is always and everywhere a monetary phenomenon. In other words: artificial expansion of the money supply leads to price increases – in different ways. Newly created, unbacked credit, as it is inherent in the fiat money system, can initially manifest itself in asset prices depending on the structure of an economy, for...