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Ludwig von Mises

"The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning."

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"The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning."

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Assegid Habtewold

"The mentality of seeking miracles from one place to another is destructive to the economy."

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Personal Development

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Assegid Habtewold

"I saw the poverty, I say the prosperity. Both have fundamental problems."

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Assegid Habtewold

"Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow."

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Assegid Habtewold

"Now, of course, cold fusion is the daddy of them all in a way, in terms of value, so I think that viewed in a social way, from the point of social considerations and economics, it will tell you that this thing will stay around."

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Assegid Habtewold

"The bank - the monster has to have profits all the time. It can't wait. It'll die. No, taxes go on. When the monster stops growing, it dies. It can't stay one size."

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Assegid Habtewold

"She'd been fed anti-consumerist bullshit by her parents but didn't understand simple economics."

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Assegid Habtewold

"Capitalism is a social system where the health and security of a nation are compromised for corporate gain."

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Assegid Habtewold

"Who buys has need of two eyes But one's enough to sell the stuff."

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Assegid Habtewold

"Science blasphemed when tries to eliminate scarcity in economy."

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Assegid Habtewold

"If it is asserted that civilization is a real advance in the condition of man - and I think that it is, though only the wise improve their advantages - it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run."

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Ludwig von Mises
"War... is harmful, not only to the conquered but to the conqueror."

War

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Ludwig von Mises
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."

Attitude

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Ludwig von Mises
"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."

Politics

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Ludwig von Mises
"Whoever wishes peace among peoples must fight statism."

Peace

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Ludwig von Mises
"Society has arisen out of the works of peace; the essence of society is peacemaking."

Society

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Ludwig von Mises
"To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war."

Peace

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Ludwig von Mises
"Innovation is the whim of an elite before it becomes a need of the public."

Innovation

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Ludwig von Mises
"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."

Economics

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Ludwig von Mises
"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."

Economics

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Ludwig von Mises
"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."

Philosophy

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