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Ludwig von Mises

"In a battle between force and an idea, the latter always prevails."

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"In a battle between force and an idea, the latter always prevails."

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Donna Grant

"The poor will look for many excuses why an idea can not be born, but the rich will also look for one excuse why an idea can be born."

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Donna Grant

"If unconventional ideas = sperm, then public opinion = abortion."

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Donna Grant

"It is easy to destroy a book, but an idea once implanted has roots no man can utterly destroy."

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Donna Grant

"Ideas have unhinged the gates of empires."

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Donna Grant

"It's easy to come up with new ideas; the hard part is letting go of what worked for you two years ago, but will soon be out-of-date."

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Donna Grant

"Ideas are the source of all things."

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Donna Grant

"I think he's informing himself, reaching out and getting ideas and information and advice. I haven't the slightest doubt that internally taking shape in that marvelous brain of his is a philosophy of foreign affairs. But it would be premature to say that one is fully formed."

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Donna Grant

"All we did was to sit around, collect some ideas, wait and see what's going to happen. That was it."

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Donna Grant

"I like to have books around to give me ideas-to get the verbal part of my brain to start working."

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Donna Grant

"The cooperation of the two retina in one field of vision, whatever is its cause, must rather be the source of all the ideas to which single or double vision may give rise."

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Ludwig von Mises
"Whoever wishes peace among peoples must fight statism."

Peace

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Ludwig von Mises
"The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property."

Economics

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Ludwig von Mises
"A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation."

Economics

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Ludwig von Mises
"That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard."

Economics

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Ludwig von Mises
"Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."

Economics

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Ludwig von Mises
"Praxeology is a theoretical and systematic, not a historical, science. Its scope is human action as such, irrespective of all environmental, accidental, and individual circumstances of the concrete acts. Its cognition is purely formal and general without reference to the material content and the particular features of the actual case. It aims at knowledge valid for all instances in which the conditions exactly correspond to those implied in its assumptions and inferences. Its statements and propositions are not derived from experience. They are, like those of logic and mathematics, a priori. They are not subject to verification or falsification on the ground of experience and facts."

Philosophy

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Ludwig von Mises
"The philosophy of protectionism is a philosophy of war."

War

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Ludwig von Mises
"The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices, that neither exportation nor importation can occur if there are no differences in prices to make trade profitable."

Economics

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Ludwig von Mises
"Paper money in time of war, the new notes will first go into the pockets of the war contractors. 'As a result, these persons' demands for certain articles will increase and so also the price and the sale of these articles, but especially in so far as they are luxury articles. Thus the position of the producers of these articles will be improved, their demand for other commodities will also increase, and thus the increase of prices and sales will go on, distributing itself over a constantly augmented number of articles, until at last it has reached them all."

Economics

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Ludwig von Mises
"They did not suffer shipwreck because the entrepreneurs were not public-spirited, as the socialist-etatistic legend has it. They were bound to fail because the economic organization based upon division of labour and private property in the means of production can function only so long as price-determination in the market is free."

Economics

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