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Mises Quote of the day
In a battle between force and an idea, the latter always prevails.
Professor von Mises has a splendid analytical mind and an admirable passion for liberty; but as a student of human nature he is worse than null and as a debater he is of Hyde Park standard.
Against what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression.
Ludwig von Mises referred to Ayn Rand as 'the most courageous man in America.' If that doesn't say it all about the economist's man-centric frame of reference, I don't know what does.
By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money