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Quote by Ludwig von Mises

“Public opinion always wants easy money, that is, low interest rates.”

Quote by Ludwig von Mises

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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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“Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.”

Demand Increase Cash Quantity Inflation Corresponding

Author:Ludwig von Mises

“You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you. If this be arrogance, as some of your critics observed, it is still the truth that had to said in the age of the Welfare State.”

Ifs Men Said Stills States Age Effort Conditions Politician Mass Critics Improvement Granted Welfare Arrogance Inferiors Better Than You Welfare State

Author:Ludwig von Mises

“Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.”

Source: Socialism - An Economic and Sociological Analysis: The Economist

“As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.”

States Government Courses Evil Liberty Security Tasks Property Protection Violent Fulfilling Private Property Personal Security

Book:Liberalism: The Classical Tradition: The Economist

Source: Liberalism: The Classical Tradition: The Economist

“If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.”

“Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard.”

Mind Humans Passion Liberty Human Nature Students Standards Parks Professors Splendid Admirable Hyde Null Hyde Park Von Mises

Author:Ludwig von Mises

“where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.”

Made Different Values Path Expression Morality Understood Response Socialism Economist Equations Pursued Different Paths Hayek

Author:Ludwig von Mises

“Our principle is: to prevent all command over man by his fellowmen, to, make state, government, laws, or whatsoever form of compulsion existing, a thing of the past, to establish full freedom for all. Anarchism means first and foremost freedom from all government.”

Men Firsts Mean States Government Past Form Law Principles Command Compulsion Anarchism State Government

Book:The Social Monster: A Paper on Communism and Anarchism

Source: The Social Monster: A Paper on Communism and Anarchism

“Law, in its most general and comprehensive sense, signifies a rule of action; and is applied indiscriminately to all kinds of action, whether animate, or inanimate, rational or irrational. Thus we say, the laws of motion, of gravitation, of optics, or mechanics, as well as the laws of nature and of nations. And it is that rule of action, which is prescribed by some superior, and which the inferior is bound to obey.”

Wells Kind Action Law Nations Bounds Superiors Rational All Kinds Inferiors Irrational Mechanic Laws Of Nature Comprehensive Gravitation Optics Laws Of Motion

Book:Commentaries on the Laws of England

Source: Commentaries on the Laws of England

“There is nothing which so generally strikes the imagination, and engages the affections of mankind, as the right of property; or that sole and despotic dominion which one man claims and exercises over the external things of the world, in total exclusion of the right of any other individual in the universe. And yet there are very few, that will give themselves the trouble to consider the original and foundation of this right.”

Source: The Oxford Edition of Blackstone's: Commentaries on the Laws of England: Book II: Of the Rights of Things