If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application … - Ludwig von Mises

Same topic Authors

Quote of the day

The only just literary critic," he concluded, "is Christ, who admires more than does any man the gifts He Himself has bestowed.

Ludwig von Mises

If one takes pleasure in calling the gold standard a "barbarous relic," one cannot object to the application of the same term to every historically determined institution. Then the fact that the British speak English - and not Danish, German, or French - is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.

Danish, Facts, Gold, Managed, Rapturous, Speak English

Same Author Quotes

The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.

Blessing, Garden, Men, Subordinate, System, Yearn

The worst evils which mankind has ever had to endure were inflicted by bad governments.

Endure, Evils, Government, Inflicted, Peace, War

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.

Execution, May, Methods, Poverty, Profit, Transform

He who serves the public best, makes the highest profits.

Highest, Profit, Profits, Public, Serves

The real bosses, in the capitalist system of market economy, are the consumers.

Boss, Capitalist, Consumers, Economy, Real