Ludwig von Mises Quotes About Commodities

Quotes about: Commodities

• Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.

  Ludwig von Mises

  Government, Ink, Paper

• In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price.

  Ludwig von Mises

  People, Commodity, Lord

• What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.

  Ludwig von Mises

  Commodity Prices, People, Investing

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

• Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.

  Ludwig von Mises

  Real, Public Opinion, Cracks

• Within the market society each serves all his fellow citizens and each is served by them. It is a system of mutual exchange of services and commodities, a mutual giving, and receiving.

  Ludwig von Mises

  Giving, Receiving, Citizens

  Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

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