top of page
.png){kind=small}
"The error in this conclusion may be most simply demonstrated by means of an actual example. Let us select for this purpose the monetary history of Austria, which Laughlin also uses as an illustration. From 1859 onwards the Austrian National Bank was released from the obligation to convert its notes on demand into silver, and nobody could tell when the State paper-money issued in 1866 would be redeemed, or even if it would be redeemed at all. It was not until the later 'nineties that the transition to metallic money was completed by the actual resumption of cash payments on the part of the Austro-Hungarian Bank."
Standard
Customized
Exlpore more History quotes
"The commonplace books of the old Puritans were invaluable to them. They would never have been able to compile such works as they did if they had not been careful in collecting and arranging their matter under different heads."
"The only lesson you can learn from history is that it repeats itself."
"Well, for us, in history where goodness is a rare pearl, he who was good almost takes precedence over he who was great."
"Robbing people of their actual history is the same as robbing them of part of themselves. It's a crime."Fuka-Eri thought about that for a moment.Tengo went on, "Our memory is made up of our individual memories and our collective memories. The two are intimately linked. And history is our collective memory. If our collective memory is taken from us - is rewritten - we lose the ability to sustain our true selves."
"The tragedy about history - personally and globally - is that while we may learn it we rarely learn from it."
"By the rude bridge that arched the flood, Their flag to April's breeze unfurled, Here once the embattled farmers stood, And fired the shot heard round the world. The foe long since in silence slept; Alike the conqueror silent sleeps; And Time the ruined bridge has swept, Down the dark stream which seaward creeps. On this green bank, by this soft stream, We set to-day a votive stone; That memory may their deed redeem, When, like our sires, our sons are gone. Spirit, that made those heroes dare, To die, and leave their children free, Bid Time and Nature gently spare, The shaft we raise to them and thee."
"The whole of world history often seems to me nothing more than a picture book which portrays humanity's most powerful and a senseless desire - the desire to forget. Does not each generation, by means of suppression, concealment, and ridicule, efface what the previous generation considered most important?"
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."
"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."
"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."
"When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community."
"Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature."
"Socialism is an alternative to capitalism as potassium cyanide is an alternative to water."
"A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees."
bottom of page