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On the Manipulation of Money and Credit (1978)
Ludwig von Mises
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| Quote | Source | Page | Subject |
|---|---|---|---|
| Can anyone doubt that the warring people of Europe would have tired of the conflict much sooner, if their governments had clearly, candidly, and promptly, presented them with the bill for military expenses? | On the Manipulation of Money and Credit | p. 38 | Deficits |
| If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely. | On the Manipulation of Money and Credit | p. 5 | Deficits |
| In a given economic situation, the opportunities for production, which may actually be carried out, are limited by the supply of capital goods available. | On the Manipulation of Money and Credit | p. 125 | Capital |
| In the feudal society, men became rich by war and conquest and through the largess of the sovereign ruler. Men became poor if they were defeated in battle or if they fell from the monarchs good graces. In the capitalistic society, men become richdirectly as the producer of consumers goods. | On the Manipulation of Money and Credit | pp. 177-78 | Class Mobility |
| Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes. | On the Manipulation of Money and Credit | p. 16 | Inflation |
| Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism. | On the Manipulation of Money and Credit | p. 48 | Inflation |
| It is always an inflationist policy, not economic conditions, which bring about the monetary depreciation. The evil is philosophical in character. | On the Manipulation of Money and Credit | p. 48 | Deficits |
| It is characteristic of current political thinking to welcome every suggestion which aims at enlarging the influence of government. | On the Manipulation of Money and Credit | p. 107 | State |
| It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers. | On the Manipulation of Money and Credit | p. 176 | Capitalism |
| Like other factors of production, labor is also valued according to its usefulness in satisfying human wants. | On the Manipulation of Money and Credit | p. 177 | Wage Rates |