“The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed.”
“The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed.”
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.”
Ludwig von MisesAll in One Creative & Marketing Platform to tell stories at scale
