From The Quotable Mises — surrounding passage

“Continued inflation inevitably leads to catastrophe.”

Defense, Controls, and Inflation , p. 109 The assistance of inflation is invoked whenever a government is unwilling to increase taxation or unable to raise a loan; that is the truth of the matter. The Theory of Money and Credit , p. 253 What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.