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Defense, Controls, and Inflation (1952)

Ludwig von Mises

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At the breakfast table of every citizen sits in wartime an invisible guest, as it were, a G.I. who shares the meal. In the citizens garage stays not only the family car but besides — invisibly — a tank or a plane. The important fact is that this G.I. needs more in food, clothing, and other things than he used to consume as a civilian and that military equipment wears out much quicker than civilian equipment. The costs of a modern war are enormous.Defense, Controls, and Inflationp. 331War and Peace
Continued inflation inevitably leads to catastrophe.Defense, Controls, and Inflationp. 109Inflation
Even capital punishment could not make price control work in the days of Emperor Diocletian and the French Revolution.Defense, Controls, and Inflationpp. 109-10Price Control
Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.Defense, Controls, and Inflationp. 333Taxes
What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.Defense, Controls, and Inflationp. 115Loopholes
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