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||In the United States the competition to the railroadsin the form of busses, automobiles, trucks, and airplaneshas caused the railroads to suffer and to be almost completely defeated, as far as passenger transportation is concerned.||Economic Policy|| p. 5||Railroads