Reply To: money printing vs savings

#18535
jmherbener
Participant

You might try metaphors,

Mises referred to monetary inflation as the miracle of turning stones into bread.

https://mises.org/library/stones-bread-keynesian-miracle

Mises also used the metaphor of the master builder to explain why the build up of the economy’s capital structure set in motion by monetary inflation and credit expansion during the boom must end in liquidation of the malinvestments made in the boom and reallocation of resources back to a realizable capital structure during the bust.

https://mises.org/library/malinvestment-not-overinvestment-causes-booms