Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
Economists
Born in Lemberg 1881
Born in Lemberg 1881, Mises systematized Austrian economics through praxeology. His socialist calculation argument proved central planning cannot allocate rationally. Via Hayek and Rothbard, he shaped libertarianism.
View this figure's profile
Unverified
Born in Lemberg 1881's Other Quotes
Related Quotes
The worst evils which mankind has ever had to endure were inflicted by bad governments.
-- Born in Lemberg 1881
Nothing is so permanent as a temporary government program.
-- Born in 1912 in New York to Hungarian Jewish immig
Inflation is always and everywhere a monetary phenomenon.
-- Born in 1912 in New York to Hungarian Jewish immig