Ludwig von Mises Quotes


The Santa Claus principle liquidates itself.


Citations

Mises, Ludwig von. Human Action: A Treatise on Economics. Yale University Press, 1949, p. 869.

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Near-beer was a low alcohol content beer that met the standards of Prohibition but was derided by most drinkers as having little or no effect.


He was referring to his campaign in 2000 where South Carolina was a very important state in the Republican primary elections and he was campaigning there. At that time, the racist tradition of flying the Confederate Flag, a symbol of slavery and disloyalty to the Union, over the state capitol was a hot political issue with Blacks and some whites outraged and many conservatives who were insistent that the tradition be maintained. McCain, not wanting to offend the conservative who were the core of the voters in the Republican primary, said he did not see anything wrong with the practice when it really offended him as it did most Americans at the time.


Ludwig von Mises
Ludwig von Mises
  • Born: September 29, 1881
  • Died: October 10, 1973
  • Nationality: Austrian
  • Profession: Economist

Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.