Quotessence
Home / Quotes / Quote by Ludwig von Mises

Quote by Ludwig von Mises

“It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others.”

Quote by Ludwig von Mises

Book:Omnipotent Government
Create image

Work

Omnipotent Government

Browse quotes and source details for this work. 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

You May Also Like

“Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.”

EconomicsIndustrial RevolutionEconomics PhilosophySupply And Demand
Book:Born to Rebel: The Life of Harriet Boyd Hawes
Create image

“Surely little remained of the Puritan legacy of prudish rectitude, he thought: surely this was now a country of excess, gluttony, lust, and sloth; surely this had grown into a land where obesity reigned and even the poor moved ponderously down the street on big thighs that rubbed fatly together. What had become of the pilgrims' gaunt and stingy oversight? He knew in part it was the visionary genius of enterprising men, but such entrepreneurs were only the tools of a hungry culture. For the descendants of those gray, upright pioneers had cherished cravings for beef patties with ketchup, deep-fried chicken and vats of ice cream, chemically scented and dyed all the colors of the rainbow, and billions upon billions of gallons of soda. Their thirst had never been quite slaked and so they never finished drinking; and this was the market in all its streamlined functionality—which, precisely where the supply and the demand curves crossed, had swiftly produced a nation of paralyzed giants, fallen across their couches much as soldiers on the field of battle, their arteries hard, their softened hearts failing. The market made a fool of you by giving you what you wanted. But this did not make him resent it; it merely earned his respect. From the day you were born you were called upon to discern what to choose.”

AmericaExcessRestraintMarketsGluttonyJunk FoodEntrepreneursSupply And DemandPuritanism
Book:How the Dead Dream
Create image

“With no VCRs or MTV in 1975, the 'Bohemian Rhapsody' video was the most expensive TV viewing in history. For the song's nine-week reign at UK number one, every fan who desperately wanted to see that mind-blowing 'promotional film' just one more time had to cast their vote by buying the single again and again, thereby forcing the mandatory Top of the Pops re-broadcast of the UK's number one song.”

QueenMtvSupply And DemandMusic HistoryGlam RockBohemian RhapsodyFreddie MercuryVideo RecordingMusic VideoTop Of The Pops
Author:Stewart Stafford
Create image