“The entrepreneur who is reckoning in terms of a currency with a stable value is unable to compete with the entrepreneur who is prepared to make a quasi-gift of part of his capital to his customers. In 1920 and 1921, Dutch traders who had sold commodities to Austria could buy them back again after a while much cheaper than they had originally sold them, because the Austrian traders completely failed to see that they were selling them for less than they had cost.”
“The entrepreneur who is reckoning in terms of a currency with a stable value is unable to compete with the entrepreneur who is prepared to make a quasi-gift of part of his capital to his customers. In 1920 and 1921, Dutch traders who had sold commodities to Austria could buy them back again after a while much cheaper than they had originally sold them, because the Austrian traders completely failed to see that they were selling them for less than they had cost.”
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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