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"This was the argument put forward during the War when the expenditure on the army and navy had to be met; and this was the argument put forward in Germany and Austria after the War when a part of the population had to be provided with cheap food, the losses on the operation of the railways and other public undertakings met, and reparations payments made. The assistance of inflation is invoked whenever a government is unwilling to increase taxation or unable to raise a loan; that is the truth of the matter."
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"Indeed, it is a sign of marked political weakness in anycommonwealth if the people tend to be carried away by mere oratory, if theytend to value words in and for themselves, as divorced from the deeds for whichthey are supposed to stand. The phrase-maker, the phrase-monger, the readytalker, however great his power, whose speech does not make for courage,sobriety, and right understanding, is simply a noxious element in the bodypolitic, and it speaks ill for the public if he has influence over them. To admirethe gift of oratory without regard to the moral quality behind the gift is to dowrong to the republic."
"In reality, commissions rarely solve complicated problems. Therefore, the following question arises: what is worse " to establish a commission knowing it cannot solve a complicated problem, or to believe that the commission will truly solve such a problem?"
"Politics is so difficult, it's generally only people who aren't quite up to the task who feel convinced they are."
"Let us remind our leaders that there is no place for personal interests in politics."
"M-governance is empowered governance. It has the potential to make development a truly inclusive and comprehensive mass movement. It puts governance into everyone's reach. It puts governance in your hands 24/7."
"Either cry for exchanging new currency notes for couple of days or crib for corruption for ages and generations with old one. Choice is yours."
"I think the positive competition between states in India is one of the most positive dynamics that the country has."
"Nothing lasts longer than a temporary government program."
"They sit in their soundproof rooms and issue tone-deaf edicts and call themselves controlling the world. And one day they ask you to die for them."
"Let the government not be an instructor but a parent who loves and adjusts to the needs of the nation, But remember a parent does what makes things look good to the entire family without segregation."
Explore more quotes by Ludwig von Mises
"Romanticism is man's revolt against reason, as well as against the condition under which nature has compelled him to live."
"Rhetorical bombast, music and song resound, banners wave, flowers and colors serve as symbols, and the leaders seek to attach their followers to their own person. Liberalism has nothing to do with all this. It has no party flower and no party color, no party song and no party idols, no symbols and no slogans. It has the substance and the arguments. These must lead it to victory."
"Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them."
"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."
"Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop."
"It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation."
"The entrepreneur who is reckoning in terms of a currency with a stable value is unable to compete with the entrepreneur who is prepared to make a quasi-gift of part of his capital to his customers. In 1920 and 1921, Dutch traders who had sold commodities to Austria could buy them back again after a while much cheaper than they had originally sold them, because the Austrian traders completely failed to see that they were selling them for less than they had cost."
"At one time, this gave rise to the question of whether the legal validity of the money was determined by the stamp of the ruler of the country or by the metal content of the coin; later, to the question of whether the command of the law or the free usage of business was to settle if the money was legal tender or not. The answer of public opinion, grounded on the principles of private property and the protection of acquired rights, ran the same in both cases: Prout quidque eontraetum est, ita et solvi debet; ut cum re eontraximus, re solvi debet, veluti cum mutuum dedimus, ut Tetro pecuniae tantundem solvi debeat."
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