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"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."
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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."
"If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers."
Exlpore more Commerce quotes
"I will stay very focused on my responsibilities as Secretary of Commerce and the economy's doing well. I mean, you asked about some of the challenges that we have or what is going on in the world and you know I, I'm pleased to report that the economy is doing extremely well."
"In a business world, only the smartest survive."
"In business, sir, one has no friends, only correspondents."
"To the extent that these advanced weapons or their components are treated as articles of commerce, perhaps for peaceful uses as in the Plowshare program, their cost would be well within the resources available to many large private organizations."
"You can take and nail two sticks together like they've never been nailed together before and some fool will buy it."
"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."
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