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Ludwig von Mises: "Human action is purposeful behavior." - Human Action


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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AuthorQuoteSourcePageSubject
Ludwig von MisesHow pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!The Theory of Money and Credit p. 458Fiat Money
Ludwig von MisesMoney is regarded as the cause of theft and murder, of deception and betrayal. Money is blamed when the prostitute sells her body and when the bribed judge perverts the law. It is money against which the moralist declaims when he wishes to oppose excessive materialism.The Theory of Money and Credit p. 111Money
Ludwig von MisesMoney is merely the commonly used medium of exchange; it plays only an intermediary role. .Planning for Freedom p. 66Money
Ludwig von MisesFor two hundred years the governments have interfered with the markets choice of the money medium. Even the most bigoted tatists do not venture to assert that this interference has proved beneficial.Human Action p. 419; p. 422Money
Ludwig von MisesFiat money is a money consisting of mere tokens which can neither be employed for any industrial purposes nor convey a claim against anybody.Human Action p. 426; p. 429Money
Ludwig von MisesThe governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.Human Action pp. 444-45; p. 448Money
Ludwig von MisesNo technological computation and calculation would be possible in an environment that would not employ a generally used medium of exchange, money.The Ultimate Foundation of Economic Science p. 127Money
Ludwig von MisesMoney is nothing but a medium of exchange and it completely fulfills its function when the exchange of goods and services is carried on more easily with its help than would be possible to means of barter.The Theory of Money and Credit p. 31Money
Ludwig von MisesWhere the free exchange of goods and services is unknown, money is not wanted.The Theory of Money and Credit p. 41Money
Ludwig von MisesThe simple statement, that money is a commodity whose economic function is to facilitate the interchange of goods and services, does not satisfy those writers who are interested rather in the accumulation of material than in the increase of knowledge.The Theory of Money and Credit pp. 4647Money
Ludwig von MisesMoney has thus become an aid that the human mind is no longer able to dispense with in making economic calculations.The Theory of Money and Credit p. 62Money
Ludwig von MisesMoney has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it.The Theory of Money and Credit p. 118Money
Ludwig von MisesThe valuation of the monetary unit depends not upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one.The Theory of Money and Credit p. 278Money
Ludwig von MisesIf it were really possible to substitute credit expansion (cheap money) for the accumulation of capital goods by saving, there would not be any poverty in the world.Planning for Freedom p. 190Money Supply
Ludwig von MisesDepression is the aftermath of credit expansion.Planning for Freedom p. 7Money Supply
Ludwig von MisesIf you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.Economic Policy p. 66Money Supply
Ludwig von MisesThe quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do.Human Action p. 418; p. 421Money Supply
Ludwig von MisesNo increase in the welfare of the members of a society can result from the availability of an additional quantity of money.The Theory of Money and Credit p. 102Money Supply
Ludwig von MisesNo nation need fear at any time to have less money than it needs.The Theory of Money and Credit pp. 208-09Money Supply
Ludwig von MisesIn all countries where inflation has been rapid, it has been observed that the decrease in the value of the money has occurred faster than the increase in its quantity.The Theory of Money and Credit p. 259Money Supply
Ludwig von MisesThe entrepreneurs who approach banks for loans are suffering from shortage of capital; it is never shortage of money in the proper sense of the word.The Theory of Money and Credit p. 349Money Supply
Ludwig von MisesIt is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.The Theory of Money and Credit p. 454Sound Money
Ludwig von MisesThus the sound-money principle has two aspects. It is affirmative in approving the markets choice of a commonly used medium of exchange. It is negative in obstructing the governments propensity to meddle with the currency system.The Theory of Money and Credit p. 455Sound Money
Ludwig von MisesThere cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.The Theory of Money and Credit p. 480Sound Money
Ludwig von MisesSound money still means today what it meant in the nineteenth century: the gold standard.The Theory of Money and Credit p. 480Sound Money
Ludwig von MisesPerpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency.The Theory of Money and Credit p. 495Sound Money