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
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.
Interpretation
Loopholes are not flaws in the law but rather a reflection of the law's structure.
In this quote, Ludwig Von Mises emphasizes that what is commonly referred to as a 'loophole' should not be seen as a crafty escape from the law, but rather as a legitimate aspect of the legal system. When the law fails to explicitly regulate or penalize certain actions or items, it is not the fault of those who take advantage of it; instead, it highlights the nature and limitations of legal frameworks.
In practice
In a legal seminar discussing tax regulations, this quote could help clarify misconceptions about loopholes.
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.
Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
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.
The most serious dangers for American freedom and the American way of life do not come from without.
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.
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
I freely chose the kind of life I led because I was convinced that a woman has as much right as a man to live the way she does if she does no actual harm to society.
The world is all alike. Those that seem better than their neighbours are only more artful. They mean the same thing, though they take a different road.
I'm so thankful for the active obedience of Christ. No hope without it.
It's not a bad thing for a writer not to feel at home. Writers - we're much more comfortable at parties standing in the corner watching everybody else having a good time than we are mingling.
I've always had a really developed sense of justice. As a child, I would rotate my dolls' dresses for fear that they might come alive at midnight and one of them would always have the best dress on. Whatever it was that made me worry about my dolls I suppose has paid off in my career because, really, an actor is all about empathy and imagination. And those are the cornerstones of activism.
How long do you remember that it is the Lord who is making you work? But then, by repeatedly analysing like that, you will come to a state when the ego will vanish and in its place the Lord will come in. Then you will be able to say with justice "Thou, Lord, art guarding all my actions from within." But, my friend, if the ego occupies all the space within your heart, where forsooth will there be room enough for the Lord to come in? The Lord is verily absent!
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