Unfortunately, the relatively small price rise often acts as a heady wine to government. Suddenly, the government officials see a new Santa Claus, a cornucopia, a magic elixir. They can increase the money supply to a fare-thee-well, finance their deficits and subsidize favored political groups with cheap credit, and prices will rise only by a little bit!
The Mystery of Banking by Murray N. Rothbard (pg. 68)
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