A Quote by Robert Higgs

Austria, Germany and the U.S. South did not disappear as a result of their currencies' ruin. Although many people suffered, most people found a way to survive, life went on, and economic activity eventually resumed after the adoption of a 'reformed' or foreign medium of exchange.
The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.
That Germany was so immensely strong and Austria so dependent upon German strength that the word and will of Germany would at the critical moment be decisive with Austria.
The role of Italy and of Austria has diminished as has that of France and Britain; Germany and Japan have suffered catastrophically.
Most people are under exposed to global assets, including foreign stocks, bonds and currencies.
The most exciting thing that we have found with Cassini is the geological activity, the geysering activity at the south pole of Enceladus.
Almost 20 percent of the people living in Germany today have a foreign background. The problem is that Germany can't really offer foreigners an identity because the Germans hardly have a national identity themselves. That is certainly a result of Auschwitz.
The movie medium will eventually take its place as art because there is no other medium of interest to so many people.
I've lived in so many different countries over the years. I spent most of my early life in the UK, five years in Germany and summers in Austria before moving to Paris.
I didn't die young. So I am very lucky. There are other artists and people that didn't survive certain things... people can imagine that I did the most dangerous, and I did the worst... for many reasons, I shouldn't be here.
The National Socialist Party in Austria never tried to hide its inclination for a greater Germany. That Austria would one day return to the Reich was a matter of course for all National Socialists and for true Germans in Austria.
If the minority, and a small one too, is suffered to dictate to the majority, after measures have undergone the most solemn discussions by the representatives of the people, and their will through this medium is enacted into a law, there can be no security for life, liberty, or property; nor, if the laws are not to govern, can any man know how to conduct himself in safety.
I consider that a most ignoble endeavor. The only way I would like to 'help' the great majority of people is the same way Carl Panzram 'reformed' people who tried to reform him. It would be most merciful to help them by relieving them of the life they seem to hate so much. People should be happy I'm not a humanitarian-or I'd probably be the most diabolical mass murderer the world has ever known.
A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.
As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility, in descending order of importance. Most people focus exclusively on income.
Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.
If you could find out what the most successful people did in any area and then you did the same thing over and over, you'd eventually get the same result they do.
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