Inflation consists of subsidizing expenditures that give no returns with money that does not exist. — Jacques Rueff
Inflation consists of subsidizing expenditures that give no returns with money that does not exist. — Jacques Rueff
Inflation consists of subsidizing expenditures that give no returns with money that does not exist. — Jacques Rueff
Inflation consists of subsidizing expenditures that give no returns with money that does not exist. — Jacques Rueff
Inflation consists of subsidizing expenditures that give no returns with money that does not exist. — Jacques Rueff
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Inflation consists of subsidizing expenditures that give no returns with money that does not exist.

— Jacques Rueff
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