Printed paper is the least fit to serve as money. Paper destroys the monetary system. Various commodities have been employed until silver and gold and then gold alone won out because its quantity cannot be manipulated by the governments.
The private seminars that Mises held, and which were so successful in Vienna beginning in 1919, were actually separate from the University. Mises here remembers many of his seminar participants, like Hayek, Haberler, Schütz, and Machlup. He was glad to have contributed to the development of international cooperation among so many economists.
In this 1958 speech, Ludwig von Mises explains why, under socialism, "freedom" means the elimination of dissent. The socialist goal is bondage, not liberty.
The State is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals.
Common sense is needed to prevent man from falling prey to illusory fantasies and empty catchwords.
Mises University is the world’s leading instructional program in the Austrian school of economics.
