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"Under certain conditions, index numbers may do very useful service as an aid to investigation into the history and statistics of prices; for the extension of the theory of the nature and value of money they are unfortunately not very important."
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"A social critic is someone whose work revolves around where and how our successes are failing us."
"It is necessary to approach the study of the issue from all sides to find as much information as possible on this issue."
"Every relationship is a cost benefit calculation, either it is material or spiritual."
"Analysis kills spontaneity. The grain once ground into flour springs and germinates no more."
"All statistics have outliers."
"With automobile accidents, mechanical failure is seldom the cause; and most often, operator error. I find the same to be true with corporate failings.. the people are rarely the issue. the shortcoming is most often found in the leadership."
"The sacred texts of human history from all over the world, can never be perceived by the rational mind as texts of historical accuracy. They can only be a glaring representation of the traditions and ideals of the people. Now, it is up to the rational mind, to analyze those texts and thereafter consume the good elements from them, while discarding the rest."
"Under certain conditions, index numbers may do very useful service as an aid to investigation into the history and statistics of prices; for the extension of the theory of the nature and value of money they are unfortunately not very important."
"Every problem has one immediate cause, many remote causes, long term and short term effects."
Explore more quotes by Ludwig von Mises
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
"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."
"To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."
"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."
"It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion."
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