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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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"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."
"Liz paced and talked like it was just another test. Another challenge. She was looking at it like an exercise in probability - cause and effect. It's the physics of human nature, and to truly understand it, one has to be objective and cool."
"Every relationship is a cost benefit calculation, either it is material or spiritual."
"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."
"Every problem has one immediate cause, many remote causes, long term and short term effects."
"Just because your soul is being torn to pieces doesn't mean that you stop analyzing the phenomena."
"All statistics have outliers."
"It is necessary to approach the study of the issue from all sides to find as much information as possible on this issue."
"A social critic is someone whose work revolves around where and how our successes are failing us."
Explore more quotes by Ludwig von Mises
"If one prevents a man from working for the good of society while at the same time providing for the satisfaction of his own needs, then only one way remains open to him: to make himself richer and others poorer by the violent oppression and spoliation of his fellow men."
"History likewise shows that sometimes the 'monetary standard of the victors' can prove to be very bad. There have seldom been more brilliant victories than those eventually achieved by the American insurgents under Washington against the English troops. But the American 'continental" dollar did not benefit from them. The more proudly the star-spangled banner rose on high, the lower did the exchange-rate fall, until, at the very moment when the victory of the rebels was secured, the dollar became entirely valueless. The course of events was no different not long afterwards in France. In spite of the victories of the revolutionary army, the metal premium rose."
"All that the State need do, and can do, in order to preserve the monetary system undisturbed, is to refrain from such intervention. That is the essence of the monetary theory of the classical economists and their immediate successors, the Currency School. It is possible to refine and amplify this doctrine with the aid of the modern subjective theory; but it is impossible to overthrow it, and impossible to put anything else in its place. Those who are able to forget it only show that they are unable to think as economists."
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
"If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace."
"Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all."
"Since its appearance the view that prostitution is a product of capitalism has gained ground enormously. And as, in addition, preachers still complain that the good old morals have decayed, and accuse modern culture of having led to loose living, everyone is convinced that all sexual wrongs represent a symptom of decadence peculiar to our age."
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