It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.

About This Quote

About Ludwig von Mises

Ludwig von Mises was a 19th-century American austrian–american political economist. Ludwig Heinrich Edler von Mises was an Austrian and American political economist and philosopher of the Austrian school. Mises wrote and lectured extensively on the social contributions of classical liberalism and the central role of consumers in a market economy. Read more on Wikipedia →

Themes

  • Freedom — The value of liberty, independence, and self-determination
  • Money — Thoughts on wealth, value, and material pursuits

More quotes by Ludwig von Mises

Related Quotes