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Quote by Ludwig von Mises

“No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.”

Quote by Ludwig von Mises

Book:The Theory of Money and Credit
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The Theory of Money and Credit

This book delves into the intricate relationship between money and credit, examining their roles in the functioning of an economy. It analyzes the theoretical underpinnings of monetary and credit systems, offering insights into their impact on economic stability and growth. more

Author

Ludwig von Mises
Ludwig von Mises

Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more

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Book:Human Action
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