Ludwig von Mises: ". The use of money in a market economy is a praxeologically necessary fact. That gold, and not something else, is used as money is merely a historical fact and as such cannot be conceived by catallactics." - Human Action
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| Ludwig von Mises | How one carries on in the face of unavoidable catastrophe is a matter of temperament. In high school, as was custom, I had chosen a verse by Virgil to be my motto: Tu ne cede malis sed contra audentior ito. Do not give in to evil, but proceed ever more boldly against it. I recalled these words during the darkest hours of the war. Again and again I had met with situations from which rational deliberation found no means of escape; but then the unexpected intervened, and with it came salvation. I would not lose courage even now. I wanted to do everything an economist could do. I would not tire in saying what I knew to be true. | Notes and Recollections | p. 70 | Autobiographical |
| Ludwig von Mises | Otto Bauer was too bright not to realize that I was right, but he never forgave me for having turned him into a Millerand. The attacks of his fellow Bolshevists hit close to home, but he directed his animosity toward me instead of toward his opponents. A powerful loather, he opted for ignoble means to destroy me. | Notes and Recollections | pp. 1819 | Autobiographical |
| Ludwig von Mises | My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline. | Notes and Recollections | p. 115 | Autobiographical |