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Blogs Liberty and Power Inflation is Great! (According to MGM Propaganda Film from 1933)

Jun 17, 2011

Inflation is Great! (According to MGM Propaganda Film from 1933)

by Liberty and Power

Many thanks to L and P blogger, Jeffrey Hummel, for calling this full-throated defense of inflation to my attention. Apparently, the narrator never read Mises's, Hayek' (or even Keynes's) discussion of how real wages actually rose from 1929 to 1933. This film also doesn't seem to fit with the standard view of historians that Louis B. Mayer was a knee-jerk free market conservative.