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"Under bilateral competition, market-price is determined within a range whose upper limit is set by the valuations of the lowest bidder among the actual buyers and the highest offerer among the excluded would-be sellers, and whose lower limit is set by the valuations of the lowest offerer among the actual sellers and the highest bidder among the excluded would-be buyers."
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"I saw the poverty, I say the prosperity. Both have fundamental problems."
"Anything which is physically possible can be made financially possible, if the people of a state desire it."
"If you despise increase, you are a strange personality in the society."
"Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow."
"Miracle focus messages compels masses to think that the process of production is not necessary for prosperity."
Explore more quotes by Ludwig von Mises
"If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace."
"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."
"Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace."
"Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man."
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
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