Tag Archive: Ludwig Von Mises


Daily Quote 4.28.15

Ludwig von Mises

 

 

 

” Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe…”

 

 

 

 

 

 

 

 

 

Daily Quote 7.28.14

 

 

 

Ludwig von Mises

 

 

 

 

” There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved.”

 

 

 

 

 

 

 

 

 

 

Daily Quote 6.23.14

Ludwig von Mises

 

 

” Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe…”

 

 

 

 

 

 

 

 

 

 

 

Daily Quote 5.20.14

Ludwig von Mises

 

 

 

” There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved.”

 

 

 

 

 

 

 

 

 

 

 

Daily Quote 1.21.14

Ludwig von Mises

 

 

” Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.”

 

 

 

 

 

 

 

 

Educateinspirechange.org

“The Worst Evils Which Mankind Has Had To Endure Were Inflicted By Bad Government” 

Bitcoins Catching On In Latin America

 

 

” The Bitcoin, a virtual currency that circulates outside regular financial systems, is catching on in Latin America.

Mexican systems engineer Moisés Briseño is a user and student of this completely digital cash system that is independent of any central issuing authority.

“I buy and sell Bitcoins. I check the exchange rate quotations and trends. They are still not much used in the region. One of my aims is to encourage existing businesses to accept them and to show their advantages for users and businesses,” said Briseño.

The Bitcoin was invented in 2008 by Satoshi Nakamoto – thought to be the pseudonym of a Japanese programmer or group of people. The software to issue and exchange it among a network of users was published in January 2009.

It isn’t just a “fashionable” online currency, but something far more revolutionary, Fernando Ulrich of the Instituto Ludwig von Mises in the southern Brazilian city of Porto Alegre told IPS.

Ulrich is a Bitcoin enthusiast, saying that not only does it reduce transaction costs, but it also represents a new way of thinking about the international economy without interference from national states and central banks.

“I was astonished at its revolutionary potential. It is a robust network and an innovation that can change the way people conduct transactions, by liberating people from dependence on the monopoly of money issued by the state,” Ulrich said.

Each Bitcoin is produced by computers that solve highly complex cryptographic problems.”

 

 

 

 

 

 

 

 

Daily Quote 8.15.13

Ludwig von Mises

 

 

” Depression and mass unemployment are not caused by the free market, but by government interference in the economy.”

 

 

 

 

 

13 Genius Quotes On Free Market Economics

 

” The free market economy has been taken for granted by the American people as the dynamic generator of the nation’s vast wealth. Our capitalistic economy is currently being “fundamentally transformed” into a central government-dominated system, threatening the vibrance that has made America the land of opportunity. The following ‘thirteen genius quotes’ display the moral underpinnings of the market economy and dispel some common misconceptions. “

 

 

 

Here is a Sample : Click the headline to read them all .

 

 ” “All other persons and groups in society (except for acknowledged and sporadic criminals such as thieves and bank robbers) obtain their income voluntarily: either by selling goods and services to the consuming public, or by voluntary gift (e.g., membership in a club or association, bequest, or inheritance). Only the State obtains its revenue by coercion, by threatening dire penalties should the income not be forthcoming. That coercion is known as ‘taxation,’ although in less regularized epochs it was often known as ‘tribute.’ Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match.” — Murray Rothbard

 

 

 

 

 

 

 

 

 

 

Ludwig von Mises :

 

 ” In using the term freedom as applied to human beings, we think only of freedom within society. Yet, today, social freedoms are considered by many people to be independent of one another. Those who call themselves “liberals” today are asking for policies which are precisely the opposite of those policies which the liberals of the 19th century advocated in their liberal programs. The so-called liberals of today have the very popular idea that freedom of speech, of thought of the press, freedom of religion, freedom from imprisonment without trial — that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.

Let us take one freedom, the freedom of the press. If the government owns all the printing presses, it will determine what is to be printed and what is not to be printed. And if the government owns all the printing presses and determines what shall or shall not be printed, then the possibility of printing any kind of opposing arguments against the ideas of the government becomes practically nonexistent. Freedom of the press disappears. And it is the same with all the other freedoms. ”

Excerpted From A Lecture He Gave In Buenos Aires In 1958 . Worth Every Minute Of Your Time .

 Because , you know , they’re greedy , unproductive pigs .

 

 

  ” From the Buffett Rule to France’s 75 percent tax on the wealthy, “soaking the rich” is all the rage once again. Henry Hazlitt, writing his Business Tides column for Newseek, challenged this perennial impulse in the following three articles from the postwar era. Note Hazlitt’s “Laffer curve” analysis, written when Arthur Laffer was in primary school. However, as Hazlitt makes plain, it was public welfare, and not government revenue, that he was really after in pushing for lowering taxes on the rich”

 

 

Cartoon by Chip Bok

Ludwig von Mises

  “Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today(ed. note Sept 29th). In my humble opinion, he was the greatest social thinker of the twentieth century. In a series of breakthrough contributions like The Theory of Money and CreditSocialism: An Economic And Sociological AnalysisHuman Action (his magnum opus), and Theory and History–to say nothing of a series of smaller and no-less-insightful works like Bureaucracy and Omnipotent Government–Mises developed theories of economic growth and business cycles that are relevant today. One of the wonders of the modern world is that his major contributions are available to be perused or downloaded from the institute bearing his name or from the Liberty Fund. Today, anyone with access to an internet connection can access his works with little or no trouble. Anyone with a USB drive can carry his greatest works on a keychain.

The progress that made this possible wasn’t an accident, and it wasn’t random. Indeed, this brings us to Mises’s greatest contribution: his demonstration that socialism cannot function as a rational economic system and that private ownership of the means of production is necessary if value is going to be maximized and waste is going to be minimized in the production process.”

Quote of the Day

  Happy 131st Birthday Ludwig

Ludwig Von Mises

“The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty”