Ludwig Von Mises said this quote

“ Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account. ”

Famous Quotes of Ludwig Von Mises

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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 Mises

The biological equipment of a man rigidly restricts the field in which he can serve.

~ Ludwig Von Mises

Science does not give us absolute and final certainty. It only gives us assurance within the limits of our mental abilities and the prevailing state of scientific thought.

~ Ludwig Von Mises

The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inﬂicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster.

~ Ludwig Von Mises