Joseph Salerno Professions : Economist Born : 1950 Browse All Authors Top 3 quotes by Joseph Salerno Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money. Joseph Salerno institutions monopoly government The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand. Joseph Salerno purchasing-power adjusting demand It is precisely through falling prices that the fruits of increased productivity and economic growth are spread throughout the market economy. Joseph Salerno fruit growth fall Similar Authors Bryan Caplan economist Burton Malkiel economist Bruno Frey economist Brian Wesbury economist Branko Milanovic economist Andrew Samwick economist All Authors
