“Speculation does not determine prices; it has to accept the prices that are determined in the market. I ts efforts are directed to correctly estimating future price-situations, and to acting accordingly. The influence of speculation cannot alter the average level of prices over a given period; what it can do is to diminish the gap between the highest and the lowest prices.”
“Speculation does not determine prices; it has to accept the prices that are determined in the market. I ts efforts are directed to correctly estimating future price-situations, and to acting accordingly. The influence of speculation cannot alter the average level of prices over a given period; what it can do is to diminish the gap between the highest and the lowest prices.”
Ludwig von Mises
“The market system is the basis of our civilization. Its only alternative is the Führer principle.”
Ludwig von Mises“The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.”
Ludwig von Mises, Planning for Freedom, and Sixteen Other Essays and Addresses: Ludwig Von Mises. Also, the Essential Von Mises“Society has arisen out of the works of peace the essence of society is peacemaking. ”
Ludwig von Mises“Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.”
Ludwig von Mises“The worst evils which mankind has ever had to endure were inflicted by bad governments.”
Ludwig von Mises“Economically considered, war and revolution are always bad business.”
Ludwig von Mises“Whoever wants peace among nations must seek to limit the state and its influence most strictly.”
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