Quotes

Displaying 51 - 60 of 1314

A Critique of Interventionism p. 158

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Every innovation makes its appearance as a luxury of the few well-to-do. After industry has become aware of it, the luxury then becomes a necessity for all.

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Theory and History p. 96

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Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.

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The Ultimate Foundation of Economic Science p. 18

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Experience tells us something we did not know before and could not learn but for having had the experience.

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Human Action p. 574; p. 576

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The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.

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Theory and History p. 180

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One of the fundamental conditions of mans existence and action is the fact that he does not know what will happen in the future.

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Human Action p. 626; pp. 630-31

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When treated as a chattel, man renders a smaller yield per unit of cost expended for current sustenance and guarding than domestic animals.

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Human Action p. 682; p. 686

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Economic nationalism is incompatible with durable peace. Yet economic nationalism is unavoidable where there is government interference with business. Protectionism is indispensable where there is no domestic free trade. Where there is government interference with business, free trade even in the...

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The Ultimate Foundation of Economic Science p. 11

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There is within the infinite expanse of what is called the universe or nature a small field in which mans conscious conduct can influence the course of events.

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Socialism p. 102

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Every step that leads away from private ownership of the means of production and the use of money is a step away from rational economic activity.

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The Theory of Money and Credit p. 456

07/14/2014Quotes
The excellence of the gold standard is to be seen in the fact that it renders the determination of the monetary units purchasing power independent of the policies of governments and political parties.

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