No decorrer da década de 1960, o renomado economista Ludwig von Mises fez uma série de dez palestras sobre inflação nos seminários organizados pela Fundação para a Educação Econômica (FEE) em Irvington, nos EUA. Oito dessas dez palestras foram editadas e publicadas posteriormente sob o título Ludwig von Mises on Money and Inflation: A Synthesis of Several Lectures, cuja organização ficou a cargo de Bettina Greaves, aluna exemplar e biógrafa de Mises, e sua assistente por muitos anos. O volume que o leitor tem em mãos é a tradução dessa compilação de Greaves das palestras de Mises sobre dinheiro e inflação, nas quais o economista esclarece quais são realmente os problemas relacionados à má administração do dinheiro e à inflação, suas origens e consequências, bem como aponta para suas possíveis soluções.
Ludwig Heinrich Edler von Mises (German pronunciation: [ˈluːtvɪç fɔn ˈmiːzəs]; September 29, 1881 – October 10, 1973) was an Austrian economist, historian, philosopher, author, and classical liberal who had a significant influence on the Austrian government's economic policies in the first third of the 20th century, the Austrian School of Economics, and the modern free-market libertarian movement.
“We must not forget that all the protection given to individuals through constitutions and laws disappears if the government is in a position to destroy the meaning of every inter-human relation by undermining the system of indirect exchange and money, which is called the market. And this is much more important than any other problems we talk about today.“
This guy was the man! The man the world governments should’ve listened to. All the warnings he gave to Ministers of Finance were unheeded, and the world has gone the way of a deficit spending that can never (and will never) be recoverable or survivable. Trust not in that worthless piece of paper. There’s no such thing as a free market; governments have always manipulated the worth of whichever monetary system was used in their day and time, to the devastation of the people. As Von Mises states again:
“There is no third economic system, which makes it possible on the one hand to have a free market, and on the other hand to avoid socialism or communism. Interference with the market inevitably brings about affects, which, from the point of view of the interfering authorities, are even worse than the state of affairs they wanted to alter. In order to make the system work, the authorities go farther step-by-step until they bring about a system, a situation, under which the initiative of everybody else is destroyed, and everything depends on the authorities, upon the leadership of government.”
I highly recommend this book to anyone who is just starting out in exploring monetary economics. The book covers government induced inflation and how it threatens the very fabric of our market. The book also dives into other types of inflation which provides a basis for future extrapolation on the subject.
There are some books that earn five stars because they are groundbreaking. Others earn five stars because they present important truths clearly, in a form easily digested by those with limited time and training in the subject. This book falls into the latter category. This book, along with Murray Rothbard's "What Has Government Done to Our Money", are must-reads for anyone looking to begin their education into monetary economics.
Mises is always the easiest to read from this era. When guys like Alfred Marshall and John Maynard Keynes spend so much time waxing eloquently it’s hard to know what it is they are actually saying and English is their first language. This may be the first book I disagreed with Mises on and that was merely the history of the quantity of money being limited on the gold standard. The US practiced fractional reserve lending prior to any debasement away from gold and without the help of a central bank. In a free market 100/100 times there will be more money lent than what is in the banks. He talked about the only way we get inflation is with additional currency but we’ve seen supply shocks cause inflation. The money itself didn’t change but the supply of money to the supply of goods ratio did. We also know now that it’s not the supply itself, all else being equal, it’s the velocity of money. If banks aren’t lending the cash that’s being infused then it’s no different than trying to get gig internet through a pentium 4 processor. Reading it as a lecture was a little different too.
Muito boa análise econômica sobre a impressão de dinheiro, Mises sempre foi um dos grandes representantes do pensamento liberal, porém, para alguém como eu que começou a ler sobre economia agora, algumas dúvidas ficam fortes com relação a digitalização do dinheiro e as criptomoedas, aspectos que não poderiam nem ser imaginados pelo pensador na época, e que agora necessitaríamos do seu cérebro.
Um livro interessante mas que parece faltar algo. Como foi redigido das falas de Moisés e não escrito por ele, as ideias não ficam bem distribuídas, sendo repetitivo as vezes. Também existem alguns erros de tradução na versão da LVM.
A fine intro to Mises views on Money and Inflation. If you already know something about his views, you will not find much new here. But, it does summarize everything very neatly, and with much more easier language than von Mises
This book rather old, so the comments about inflation aren't something you don't hear anymore. If you don't know much about inflation and modern monetary theory, then this book is great, gives a easy to digest notes on the subject. Otherwise it's nothing you haven't heard before.
Para falar a verdade, tinha aversão à Escola Austríaca, por causa de toda a babação de ovo dos ancaps (dos quais discordo diametralmente), mas este livro mostra o quão sensata e atual é esta Escola.
Não vou julgar muito, pois é uma coleção de palestras. Logo, não envolve tanto rigor teórico não possibilitando o julgamentodas ideias a fundo, mas dando apenas uma impressão pessoal Meu Deus...
Surprising and astoudingly good. It is the first book I read from this Mister and I could say he is the Carl Sagan of economics, he speaks in a way that the common person can understand.
Would definitely re-read this again. After reading lots of Mises works on economics, this looks like the easiest to understand. Perhaps, due to it being lecturers he had given which was subsequently transcribed into a book form. This is one of the best books on understanding inflation out there. Highly recommended
Ótimas ideias. Cada tópico apresenta uma ideia é explica de maneira clara e fácil seus argumentos. Demorei um pouco para le-lo,pois são tópicos em que merecem um pouco mais de estudo