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<p>[QUOTE=&quot;Cloudsweeper99, post: 1401307, member: 3011&quot;]There are many more people professing to believe in Austrian economics than have actually studied it.&nbsp; The Ausitrians do not define inflation as you suggest.</p><p><br /></p><p>Wikipedia - Ludwig von Mises argues that inflation only results when the supply of money outpaces demand for money:</p><p><br /></p><p>&quot;In theoretical investigation there is only one meaning that can rationally be attached to the expression Inflation: an increase in the quantity of money (in the broader sense of the term, so as to include fiduciary media as well), that is not offset by a corresponding increase in the need for money (again in the broader sense of the term), so that a fall in the objective exchange-value of money must occur.&quot;</p><p><br /></p><p>The Austrians were generally concerned that money should have a neutral effect on economic activity.&nbsp; They were never against increases in the monetary supply.&nbsp; I would also suggest that you look into the background of some of the founders of the Austrian school.&nbsp; You might not like everything you find.[/QUOTE]</p><p><br /></p>

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