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The Liberty Fund Library of the Works of Ludwig von Mises
EDITED BY BETTINA BIEN GREAVES
The Anti-capitalistic Mentality
Bureaucracy
Economic Freedom and Interventionism: An Anthology of Articles and Essays
Economic Policy: Thoughts for Today and Tomorrow
Human Action: A Treatise on Economics
Interventionism: An Economic Analysis
Liberalism: The Classical Tradition
Nation, State, and Economy: Contributions to the Politics and History of Our Time
Omnipotent Government: The Rise of the Total State and Total War
On the Manipulation of Money and Credit: Three Treatises on Trade-Cycle Theory
Planning for Freedom: Let the Market System Work A Collection of Essays and Addresses
Socialism: An Economic and Sociological Analysis
Theory and History: An Interpretation of Social and Economic Evolution
The Theory of Money and Credit
The Ultimate Foundation of Economic Science: An Essay on Method
EDITED BY RICHARD M. EBELING
Selected Writings of Ludwig von Mises
Volume 1: Monetary, Fiscal, and Economic Policy Problems Before, During, and After the Great War
Volume 2: Between the Two World Wars: Monetary Disorder, Interventionism, Socialism, and the Great Depression
Volume 3: The Political Economy of International Reform and Reconstruction
This book is published by Liberty Fund, Inc., a foundation established to encourage study of the ideal of a society of free and responsible individuals.
The cuneiform inscription that serves as our logo and as a design element in Liberty Fund books is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.
New foreword and index © 2011 by Liberty Fund, Inc.
On the Manipulation of Money and Credit was originally published in 1978 by Free Market Books.
Front cover photograph of Ludwig von Mises used by permission of the Ludwig von Mises Institute, Auburn, Alabama.
This eBook edition published in 2013.
eBook ISBNs:
Kindle 978-1-61487-612-0
E-PUB 978-1-61487-236-8
CONTENTS
STABILIZATION OF THE MONETARY UNIT—FROM THE VIEWPOINT OF THEORY (1923)
CHAPTER I The Outcome of Inflation
1 Monetary Depreciation
7 Greater Importance of Money to a Modern Economy
CHAPTER II The Emancipation of Monetary Value from the Influence of Government
1 Stop Presses and Credit Expansion
2 Relationship of Monetary Unit to World Money—Gold
CHAPTER III The Return to Gold
1 Eminence of Gold
2 Sufficiency of Available Gold
1 Victory and Inflation
CHAPTER V Comments on the “Balance of Payments” Doctrine
1 Refined Quantity Theory of Money
4 Foreign Exchange Regulations
CHAPTER VI The Inflationist Argument
1 Substitute for Taxes
