Ludwig von Mises Quotes

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.

War never fails to leave depleted storehouses, always impairs the efficiency of production.

One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11.

In 1983, the government imposed a ban on the import of gensets. I was out of business overnight. I was in trouble.

Wars are not paid for in wartime, the bill comes later.

Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.

War involves in its progress such a train of unforeseen circumstances that no human wisdom can calculate the end; it has but one thing certain, and that is to increase taxes.

We can no longer afford the war in Iraq. Our financial costs have already passed a third of a trillion dollars; the lifetime costs for this war, in both human and economic terms, will be borne by Americans for generations to come.

However overwhelming the victory of our navy, our commerce will suffer terribly. In war too, the first productive energies of the whole people have to be devoted to armaments. Cannon are a poor industrial exchange for cotton. We shall suffer a steady impoverishment as the character of our work exchanges. All this I felt so strongly that I cannot count the cause adequate which is to lead to this misery. So I have resigned.

This generation and the one to come will not see the end in fact of the Great War, so far as our economic and social problems are concerned…. the Great War broke all business conditions away from their past moorings and left the world's affairs adrift in a stormy sea without compass or rudder.

No industry should have the capacity to inflict economic costs that may even surpass those of a world war.

A World War with its incalculable ramifications will strengthen social democracy which sermonizes the virtues of peace. War could easily cost some rulers their thrones.

If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens.

I want to highlight that Italy, every year, sends 6 billion euros in cash to Brussels. I cannot give these 6 billion euros to Brussels and then let them damage us on the fronts of agriculture, migration, fishing, commerce and finance. Why am I giving 6 billion to receive nothing in return?

Present wars impoverish the lords that win as much as those that lose.

Our country is losing so much in terms of energy, in terms of paying off our debt.

The Bank of England's Carney is worried the shock of Britain's vote to leave the E.U. could cause households and businesses to temporarily halt spending, which could stop the economy and even spur a recession.

This is not a country where we look lightly at tens of millions of dollars in lost direct costs in restructuring entire industries, and say, well, that's not irreparable harm, it doesn't concern us.

'That's Not Me' video cost me 80 English pounds.

I think cutting our defense capacity not only demonstrably diminishes our national security, but it has a tremendous negative impact in the long run on our economy because we end up having to fight wars and clean up after terrorist disasters.

In truth, ending DACA will cost us tens of thousands of jobs and billions of dollars in economic activity.

The more that energy costs, the less economic activity there can be.

Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, 'Scion Capital', that the mortgage market would melt down in the second half of 2007, causing substantial damage to the economy.

Any sustained rise in the price of oil will hit the Indian economy hard.

When I was 25, I had risked everything to launch Justin Bieber and was a couple months away from losing everything.