Ludwig von Mises: "Monetary calculation and cost accounting constitute the most important intellectual tool of the capitalist entrepreneur, and it was no one less than Goethe who pronounced the system of double-entry bookkeeping one of the finest inventions of the human mind." - Liberalism
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|Ludwig von Mises||Continued inflation inevitably leads to catastrophe.||Defense, Controls, and Inflation|| p. 109||Inflation
|Ludwig von Mises||What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.||Defense, Controls, and Inflation|| p. 115||LoopholeS
|Ludwig von Mises||Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.||Defense, Controls, and Inflation|| p. 333||Taxes
|Ludwig von Mises||At the breakfast table of every citizen sits in wartime an invisible guest, as it were, a G.I. who shares the meal. In the citizens garage stays not only the family car but besidesinvisiblya tank or a plane. The important fact is that this G.I. needs more in food, clothing, and other things than he used to consume as a civilian and that military equipment wears out much quicker than civilian equipment. The costs of a modern war are enormous.||Defense, Controls, and Inflation|| p. 331||War and Peace