A Quote by Ludwig von Mises

No increase in the welfare of the member of society can result from the availability of an additional quantity of money.

Ludwig von Mises

Quote Topics

Additional Availability Increase Member Money Quantity Result Society Welfare

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

Ludwig von Mises

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.

Milton Friedman

I own a flat in Ansal plaza in Shyamla Hills area and am also a member of Lakeview Enclave Welfare Society but I didn't know that there was a separate society of E-block.

Raza Murad

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

Ludwig von Mises

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.

Ludwig von Mises

The welfare state is predicate don collecting money from today's workers in order to pay for those who paid in before them. But today's workers don't have enough money to sustain the scheme, and there are too few of them to do so. As a result, virtually every welfare state in Europe, and many American states, like California are going broke.

Dennis Prager

Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.

Philip Kotler

Remember, it’s the quality of your ideas not the quantity that will result in the big money.

Joel Greenblatt

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.

Milton Friedman

Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.

Louis L'Amour

The history of the welfare state is the history of public enterprise pushing out private organization. The impact was largely unintentional, but natural and inevitable. Higher taxes left individuals with less money to give; government's assumption of responsibility for providing welfare shriveled the perceived duty of individuals to respond to their neighbors' needs; and the availability of public programs gave recipients an alternative to private assistance, one which did not challenge recipients to reform their destructive behavior.

Doug Bandow

When any welfare scheme is being proposed, its political sponsors always dwell on what a generous and compassionate government should pay to Paul; they neglect to mention that this additional money must be seized from Peter.

Henry Hazlitt

To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.

David Ricardo

We are confronted by the appearance of social institutions unintentionally created, vital for the welfare of society, which are not the result of reasoned planning

Carl Menger

I'm really into architecture, I'm a member of the Brutalist Appreciation Society; I'm a member of the Postmodern Society. I write letters to save buildings.