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Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.
Ludwig von Mises
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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Resources
Revolution
Policy
War
Resource
Also
Inflation
Find
Policies
Important
Socialism
Always
Service
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It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconscious convinced of the untenability of their own doctrines.
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War prosperity is like the prosperity that an earthquake or a plague brings...but no one has for those reasons yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest.
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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There is no other planning for freedom and general welfare than to let the market system work.
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Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
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where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.
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Scientific criticism has no nobler task than to shatter false beliefs.
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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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All present-day governments are fanatically committed to an easy money policy.
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