Wage raises as such are not inflationary

There is a lot of nonsense in these things. Some argue that wage increases are "inflationary." But it is not inflationary per se. Nothing is inflationary except inflation, that is, increase in the amount of money of the situation, no one but the government [and its departments] can cause the kind of inflation that unions can cause by forcing employers to accept wages for above the potential market rate: inflation is not higher". find a job. "Inflation is a policy put in place by the government to prevent large-scale unemployment that would otherwise increase union wages."

~ Ludwig von Mises, from his 1958 article "Wages, Unemployment, and Inflation" collected in his book Planning Liberty .

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