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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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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 business, sir, one has no friends, only correspondents."
"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."
"Make money, we are no longer in barter system. If you don't want it, then donate it, but MAKE IT!!!!"
"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."
"In a business world, only the smartest survive."
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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