Between the middle of 1922 and April 1928, without need, without justification, lightheartedly, irresponsibly, we expanded bank credit by more than twice as much (as during WWI), and in the years which followed we paid a terrible price.
— Benjamin M. Anderson, Economics and the Public Welfare [1949]
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Ludwig von Mises Institute - Monetary Central Planning and the State, Part 4: Benjamin Anderson and the False Goal of Price-Level Stabilization
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Ludwig von Mises Institute - Economics and the Public Welfare
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Mises Institute