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Mises felt that society does not benefit from an increase in the money supply, that increased money and bank credit causes inflation and business cycles. Mises supported a 100 percent gold standard.

Mises felt that society does not benefit from an increase in the money supply, that increased money and bank credit causes inflation and business cycles. Mises supported a 100 percent gold standard.

A student of Mises, [[F.A. Hayek]], won the Nobel Prize in economics in 1974 for elaboring on Mises' business cycle theory.

A student of Mises, [[F.A. Hayek]], won the Nobel Prize in economics in 1974 for elaborating on Mises' business cycle theory.

==Books by Ludwig von Mises==

==Books by Ludwig von Mises==