Quotation of the Day…
()
… is from page 144 of Bruce Caldwell’s and Hansjoerg Klausinger’s 2022 Hayek: A Life, 1899-1950 [reference deleted; link added]:
During the [first world] war [Ludwig von] Mises had gained a reputation for his financial acumen, yet in the face of the the Austrian hyperinflation it was not necessary for him to turn to the subtleties of his own monetary writings, as the simple insights from the quantity theory of money sufficed for suggesting a solution. This is highlighted by the “apocryphal story” recalled [by Hayek] in an interview, according to which “Mises was asked during that inflation how to stop it. And he said, ‘Meet me at 12 o’clock at this building.’ And it turned out at 12 midnight thy met him at the printing office, where they were printing the money. And they said, ‘How can we stop this inflation?’ And he said, ‘Hear that noise? Turn it off.’”
]]>
Source: https://cafehayek.com/2023/05/quotation-of-the-day-4273.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).