Monetary inflation was cast as merely a symptom of governmental and worker misbehavior

Evidence

Vissering, praised for his “high scientifi c and practical competence” (Verbatim Record, Brussels 1920, vol. 2, 83), asserted that “depreciation of money is not a cause in itself,” but “is only the effect of other causes, and that these other causes are to be found in the acts of national and municipal governments on the one hand, and in the acts of individuals, more particularly employees, on the other.” — Clara E. Mattei, The Capital Order, 783

Categorization

• XREF: connects to: Economists blamed working-class morality for postwar inflation. — Clara E. Mattei, Escape from Capitalism, 13; Postwar experts framed inflation as caused by wartime state interference with market laws — Clara E. Mattei, The Capital Order: How Economists…, 755; Inflation is a political class-war flare-up rather than a monetary phenomenon — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 539 (+11 more)

Broader Connections

• Austerity framed economic crisis as caused by governments and workers, not capital #corroborates (0.95) — Clara E. Mattei, The Capital Order, 783
• Inflation is a political class-war flare-up rather than a monetary phenomenon #corroborates (0.90) — Yanis Varoufakis, Technofeudalism, 539
• Austerity treats citizens’ consumption as the cause of inflation to justify repressing demand #qualifies (0.85) — Clara E. Mattei, Escape from Capitalism, 349
• Inflation is a social power contest over bargaining power, not a purely monetary event #corroborates (0.85) — Yanis Varoufakis, Technofeudalism, 526
• Rising wages reflect monetary conditions rather than union coercion causing inflation #contradicts (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 976
• Austerity economists read inflation as a threat to capitalist subordination #corroborates (0.85) — Clara E. Mattei, The Capital Order, 784
• Economists have blamed workers for inflation for over a century #expands (0.80) — Clara E. Mattei, Escape from Capitalism, 15
• Monetary austerity deliberately induced recession to discipline workers. #expands (0.80) — Clara E. Mattei, Escape from Capitalism, 154
• Twentieth-century inflation indexed labor’s power as a political actor. #exemplifies (0.80) — Anton Jäger, Hyperpolitics, 242
• Monetary austerity deliberately aimed to rein in workers’ purchasing power #expands (0.75) — Clara E. Mattei, The Capital Order, 757