✓ Verified in The Quotable Mises
From The Quotable Mises — surrounding passage
Human Action , p. 546; p. 549 If inflation is pushed to its ultimate consequences, it makes any stipulation of deferred payments in terms of the inflated currency cease altogether. Human Action , p. 779; p. 785 Credit expansion and inflationary increase of the quantity of money frustrate the “common man’s” attempts to save and to accumulate reserves for less propitious days. Human Action , p. 834; p. 838 Inflation is essentially antidemocratic. Omnipotent Government , p. 252
“The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.”
The Theory of Money and Credit , p. 479 One can say without exaggeration that inflation is an indispensable intellectual means of militarism. Without it, the repercussions of war on welfare would become obvious much more quickly and penetratingly; war-weariness would set in much earlier. Nation, State, and Economy , p. 163 No complaint is more widespread than that against “dearness of living.” There has been no generation that has not grumbled about the “expensive times” that it lives in.