A Quote by Ludwig von Mises

Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.

Ludwig von Mises

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Action After Again Again And Again Appeared Article Case Created Credit Crisis Economic Economic Crisis Economic Theory End Form Future Happen Happened His Human Illusory In The Past Lays Library Monetary Money More Must Out Past Policy Popular Prosperity Sentences Slump Some Theory Too Two Two Years Von Von Mises Way Will Works Wrote Years

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

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

Ludwig von Mises

As Ludwig von Mises conclusively demonstrated in 1912, money does not and cannot originate by order of the State or by some sort of social contract agreed upon by all citizens; it must always originate in the processes of the free market.

Murray Rothbard

I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth.

Angela Merkel

When man has mastered money he shall have mastered not only his economic problem of prosperity but also his political problem, for he will see that money has no place in state functions, and, the money power being entirely in his own hands, he will easily master the state and clearly define its services. Thus money must be seen as the means of mastery of all economic and political problems. Until we have mastered money we shall not master any of our problems. Not money, but a false money system, is the root of all evil.

E.C. Riegel

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

Ron Paul

Trump's victory clearly appears to stem from a sense of economic powerlessness, or a fear of losing power, among his supporters. To them, his simple slogan, 'Make America great again,' sounds like 'Make You great again': economic power will be given to the multitudes without taking anything away from the already successful.

Robert J. Shiller

The proposition that economist Ludwig von Mises was a feminist is an apodictic impossibility.

Ilana Mercer

History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

Ludwig von Mises

We all to some extent meet again and again the same people and certainly in some cases form a kind of family of two or three or more persons who come together life after life until all passionate relations are exhausted, the child of one life the husband, wife, brother, sister of the next. Sometimes, however, a single relationship will repeat itself, turning its revolving wheel again and again.

William Butler Yeats

The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.

Wright Patman

After preliminary work by a number of other distinguished mathematicians and economists, game theory as a systematic theory started with von Neumann and Morgenstern's book, 'Theory of Games and Economic Behavior,' published in 1944.

John Harsanyi

A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.

Clive Granger

There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to chart a direction for the economic steps ahead. This will be a dangerous moment. Behind the debates over future policy is a debate over history-a debate over the causes of our current situation. The battle for the past will determine the battle for the present. So it's crucial to get the history straight.

Joseph Stiglitz

It's actually more than 700 case studies that show that, especially in times of crisis, we show our best selves. And we get this explosion of altruism and cooperation. This happens again and again after natural disasters, after earthquakes and after floodings.

Rutger Bregman

Shaw does not merely decorate a proposition, but makes his way from point to point through new and difficult territory. This explains why Shaw must either be taken whole or left alone. He must be disassembled and put together again with nothing left out, under pain of incomprehension; for his politics, his art, and his religion - to say nothing of the shape of his sentences - are unique expressions of this enormously enlarged and yet concentrated consciousness.

Jacques Barzun

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

James Meade

A Quote by Ludwig von Mises

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