Thursday, May 21, 2009

QsOTD, 05/21/2009

Those politicians, professors and union bosses who curse big business are fighting for a lower standard of living.
Theory and History, p. 147

What is needed to prevent any further credit expansion is to place the banking business under the general rules of commercial and civil laws compelling every individual and firm to fulfill all obligations in full compliance with the terms of the
contract.
Human Action, p. 440; p. 443

Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
The Theory of Money and Credit, p. 295
All by Ludwig von Mises, collected in The Quotable Mises, at scribd.com. (Membership required, free, but some items may require payment for download.)

No comments: