Ludwig von Mises
Legal counterfeiting
Printing money does not increase the amount of products and services available in the market. It only increases the prices in the long term, in the short term it creates an illusion of increased wealth before the slow adjustment of prices catch up. “The services money renders are conditioned by the height of its purchasing [...]
The source of prosperity
The wealth of any nation is dependent upon its people’s capabilities and resources to invest into new production. Some 50 years ago Ludwig von Mises gave this speech that is maybe even more valid today (and not just to Americans): Capital Supply And American Prosperity.
Sound Money
Ludwig von Mises: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” Read the article by Thorsten Polleit.
Planned Chaos
The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends. Read an excerpt from Ludwig von Mises’ famous book that is still very much as [...]