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"The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again."
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"The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again."
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Personal Development
"Anything anybody has was purchased with the currency of time."
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"The philosophy of protectionism is a philosophy of war."
War
"War prosperity is like the prosperity that an earthquake or a plague brings."
War
"The attainment of the economic aims of man presupposes peace."
Peace
"If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace."
History
"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire."
Policy
"Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace."
Peace
"Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man."
Nature
"War... is harmful, not only to the conquered but to the conqueror."
War
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
Attitude
"Economically considered, war and revolution are always bad business."
Business
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