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Ludwig von Mises: "Interest is the difference in the valuation of present goods and future goods; it is the discount in the valuation of future goods as against that of present goods." - Planning for Freedom

Quotable MisesThis database of quotations from Mises was prepared for The Quotable Mises edited by Mark Thornton, available from the Mises Institute store for $20. Send corrections to the editor. Here is a source page on the editions of the books referenced.

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Top> Browse by source: Inflation
Ludwig von MisesContinued inflation inevitably leads to catastrophe.Defense, Controls, and Inflation p. 109Inflation
Ludwig von MisesWhat is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.Defense, Controls, and Inflation p. 115LoopholeS
Ludwig von MisesEven capital punishment could not make price control work in the days of Emperor Diocletian and the French Revolution.Defense, Control, and Inflation pp. 109-10Price control
Ludwig von MisesSome experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.Defense, Controls, and Inflation p. 333Taxes
Ludwig von MisesAt the breakfast table of every citizen sits in wartime an invisible guest, as it were, a G.I. who shares the meal. In the citizens garage stays not only the family car but besidesinvisiblya tank or a plane. The important fact is that this G.I. needs more in food, clothing, and other things than he used to consume as a civilian and that military equipment wears out much quicker than civilian equipment. The costs of a modern war are enormous.Defense, Controls, and Inflation p. 331War and Peace