Mises Daily

[N]o good can be employed for the function of a medium of exchange which at the very beginning of its use for this purpose did not have exchange value on account of other employments.

And if the strongest arguments supporters can make for it require both substantial misrepresentation and high pressure, they have a poor case.

There is no question that the War on Terror will last forever. Just like the War on Drugs and the War on Poverty. "War is the health of the state," as Randolph Bourne famously said.

We will not tolerate theft in this town, unless it is done by the judge under the cover of the law.

Bonner said gold is a good thing to hold "when the Vigoro hits the Mixmaster."

Investments pay you money every month. Homes are just the opposite – money pits.

We came to realize that a cadre with no organization and with no continuing program of 'internal education' and reinforcement is bound to defect and melt away in the course of working with far stronger allies.

Mises said that such a monetary policy would ultimately end in the destruction of the exchange value of money.

The aim of the moral law is to impel individuals to adjust their conduct to the requirements of life in society to abstain from all acts detrimental to the preservation of peaceful social cooperation and to the improvement of interhuman relations.

Inflation, in case we've forgotten, is robbery by another name.