Lawrence W. Reed

Lawrence W. Reed

Lawrence W. Reed is President Emeritus for the Foundation for Economic Education (FEE), Humphreys Family Senior Fellow, and Ron Manners Global Ambassador for Liberty, having served nearly 11 years as FEE's President (2008-2019).

Articles by Lawrence W. Reed

Prices Are Set to Soar

"Government,” observed the great Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, franc, or whatever.

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