The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Ludwig Von MisesRead
Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
Interpretation
What this quote means
Inflation often results from government policies that limit freedoms and can lead to authoritarianism.
This quote by Ludwig Von Mises asserts that inflation is not merely a financial issue, but a consequence of government control and intervention in the economy. He suggests that as governments exercise more power over fiscal matters, it can result in constraints that erode individual liberties, paving the way for totalitarianism.
Themes
InflationGovernmentStatismTotalitarianismEconomics
In practice
Example use cases
In a speech about economic policies, one might say, 'As Ludwig Von Mises pointed out, inflation can be a sign of greater government control.'
More from Ludwig Von Mises
All quotes βWars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
Ludwig Von MisesRead
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
Ludwig Von MisesRead
The most serious dangers for American freedom and the American way of life do not come from without.
Ludwig Von MisesRead
The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
Ludwig Von MisesRead
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
Ludwig Von MisesRead
Similar quotes
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
George SorosRead
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
Clayton M. ChristensenRead
It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
John Maynard KeynesRead
Industry entirely left to itself, would soon fall to ruin, and a nation letting everything alone would commit suicide.
Friedrich ListRead
Economic policies absorb almost the entire attention of government, and at the same time become ever more impotent. The simplest things, which only fifty years ago one could do without difficulty, cannot get done any more. The richer a society, the more impossible it become to do worthwhile things without immediate payoff.
E. F. SchumacherRead
Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
Alan GreenspanRead