von Mises

Saturday Quotes

By Mike Kapic / January 5, 2019 / Comments Off on Saturday Quotes

“Banks borrow money in order to lend it.” Ludwig von Mises “Credit given by dealers to unproductive consumers is never an addition, but always a detriment, to the sources of public wealth.” John Stuart Mill “Washington is where the money is. That’s generally what keeps people here.” Senator Trent Lott (R-MS)   “Is not commercial…

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Innovation versus Entrepreneurship

By Mike Kapic / June 1, 2018 / Comments Off on Innovation versus Entrepreneurship

The importance of innovation is at the center of a second, and rapidly growing, body of research. Capital, labor, and land, the basic factors of production, have lost much of their fascination for those looking to understand why economies grow and prosper. The key question asked today is no longer how much capital and labor…

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Brazil’s Move to the Right

By Mike Kapic / January 26, 2017 / 0 Comments

Why Brazilians Are Demanding “Menos Marx, Mais Mises” Adriano Gianturco Tuesday, January 24, 2017 Luciana Lopes Tuesday, January 24, 2017 To say that Brazil is in the midst of huge political and economic crises is probably an understatement. Brazilian GDP has decreased for 3 years in a row, unemployment stands at 10.9%, and inflation is…

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How Viennese Culture Shaped Austrian Economics

By Mike Kapic / August 1, 2016 / 0 Comments

Schools of thought are frequently named after their country or place of origin. The Chicago School, the Frankfurt School, and the Scottish Enlightenment are just some of the many examples. The geographical place is a simple shorthand for something that would otherwise be difficult to specify and name. That is also the case for the…

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Saturday Quotes

“Banks borrow money in order to lend it.” Ludwig von Mises

“Credit given by dealers to unproductive consumers is never an addition, but always a detriment, to the sources of public wealth.” John Stuart Mill

“Washington is where the money is. That’s generally what keeps people here.” Senator Trent Lott (R-MS)

 

“Is not commercial credit based primarily upon money or property?”

“No sir,” replied J.P. Morgan. “The first thing is character.”

“Before money or property?”

“Before money or anything else. Money cannot buy it…Because a man I cannot trust could not get money from from me on all the bonds in Christendom.” H.W. Brands

“I believe so strongly in people that I think talking to the individual is much more important than finding out too much about what they want to do.” Arthur Rock, venture capitalist

“There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has.” Henry Hazlitt, Economics in One Lesson

“In order that one industry might grow or come into existence, a hundred other industries would have to shrink.” Henry Hazlitt, Economics in One Lesson

“You are what your record says you are.” Bill Parcells, NFL coach

“The price [of goods] is determined at that level at which two parties counterbalance each other.” Ludwig von Mises

“In my career, the Fed[eral Reserve] has a 100 percent error rate in predicting and reacting to important economic turns.” John Allison, retired Chairman & CEO of BB&T Bank

“Patriotism is as much a virtue as justice and is as necessary for the support of societies as natural affection is for the support of families.” —Benjamin Rush (1773) (And a signer of the Declaration of Independence)

“ At the core of liberalism (progressivism) is the spoiled child-miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.” P. J. O’Rourke

“The chief purpose in the establishment of states and constitutional orders was that individual property rights might be secured.… It is the peculiar function of state and city to guarantee to every man the free and undisturbed control of his own property.” Cicero (106-43 BC) [from De Officiis (“On Duties”)]

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