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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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"Every problem has one immediate cause, many remote causes, long term and short term effects."
"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."
"It is necessary to approach the study of the issue from all sides to find as much information as possible on this issue."
"Analysis kills spontaneity. The grain once ground into flour springs and germinates no more."
"All statistics have outliers."
"Every relationship is a cost benefit calculation, either it is material or spiritual."
"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."
"A social critic is someone whose work revolves around where and how our successes are failing us."
"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."
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."
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."
"To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."
"It has been proposed that monetary liabilities should be settled in terms of gold and not according to their nominal amount. If this proposal were adopted, for each mark that had been borrowed that sum would have to be repaid that could at the time of repayment buy the same weight of gold as one mark could at the time when the debt contract was entered into. The fact that such proposals are now put forward and meet with approval shows that etatism has already lost its hold on the monetary system and that inflationary policies are inevitably approaching their end. Even only a few years ago, such a proposal would either have been ridiculed or else branded as high treason."
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