Joseph Salerno quotes:
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The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand.
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It is precisely through falling prices that the fruits of increased productivity and economic growth are spread throughout the market economy.
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Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money.
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