--- title: "5 Commodity Quotes By Ludwig von Mises" description: "5 Commodity quotes by Ludwig von Mises. Plus more from Ludwig von Mises and more Commodity sayings from other authors." image: "https://sms4smile.com/quotes/i/f5b/ludwig-von-mises-364_commodity_what-people-today-call-inflation-is-not_139837.jpg" --- > [What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general…](https://sms4smile.com/quotes/ludwig-von-mises/what-people-today-call-inflation-is-not-inflation-i-e-the-increase-in/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Image](https://sms4smile.com/quotes/i/f5b/ludwig-von-mises-364_commodity_what-people-today-call-inflation-is-not_139837.jpg) > [Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and…](https://sms4smile.com/quotes/ludwig-von-mises/once-public-opinion-is-convinced-that-the-increase-in-the-quantity-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Image](https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg) > [Within the market society each serves all his fellow citizens and each is served by them. It is a system of mutual…](https://sms4smile.com/quotes/ludwig-von-mises/within-the-market-society-each-serves-all-his-fellow-citizens-and/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Image](https://sms4smile.com/quotes/i/a5c/ludwig-von-mises-364_citizens_within-the-market-society-each-serves-al_2379392.png) > [Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.](https://sms4smile.com/quotes/ludwig-von-mises/government-is-the-only-institution-that-can-take-a-valuable-commodity/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Image](https://sms4smile.com/quotes/i/d5a/ludwig-von-mises-364_commodity_government-is-the-only-institution-that_2676420.png) > [In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord.…](https://sms4smile.com/quotes/ludwig-von-mises/in-the-market-economy-the-worker-sells-his-services-as-other-people/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Image](https://sms4smile.com/quotes/i/69e/ludwig-von-mises-364_buyers_in-the-market-economy-the-worker-sells-h_2899582.jpg) ## Other authors on Commodity ## More by Ludwig von Mises > [If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other…](https://sms4smile.com/quotes/ludwig-von-mises/if-the-members-of-parliament-no-longer-consider-themselves/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest…](https://sms4smile.com/quotes/ludwig-von-mises/changes-in-human-conditions-are-brought-about-by-the-pioneering-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [During the 2300 years since Plato, very little opposition has been registered to his ideas.](https://sms4smile.com/quotes/ludwig-von-mises/during-the-2300-years-since-plato-very-little-opposition-has-been/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [“How little one is justified in speaking in this connection of "optimism" and "pessimism" and how much the characterization of liberalism as "optimistic" aims…](https://sms4smile.com/quotes/ludwig-von-mises/how-little-one-is-justified-in-speaking-in-this-connection-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages…](https://sms4smile.com/quotes/ludwig-von-mises/every-step-by-which-an-individual-substitutes-concerted-action-for/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent…](https://sms4smile.com/quotes/ludwig-von-mises/the-capitalistic-social-order-therefore-is-an-economic-democracy-in/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense…](https://sms4smile.com/quotes/ludwig-von-mises/without-calculation-economic-activity-is-impossible-since-under/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [There is no kind of freedom and liberty other than the kind which the market economy brings about.](https://sms4smile.com/quotes/ludwig-von-mises/there-is-no-kind-of-freedom-and-liberty-other-than-the-kind-which-the/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Peace and not war is the father of all things.](https://sms4smile.com/quotes/ludwig-von-mises/peace-and-not-war-is-the-father-of-all-things/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at…](https://sms4smile.com/quotes/ludwig-von-mises/what-counts-alone-is-the-innovator-the-dissenter-the-harbinger-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold…](https://sms4smile.com/quotes/ludwig-von-mises/in-reality-no-food-is-valued-solely-for-its-nutritive-power-and-no/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave…](https://sms4smile.com/quotes/ludwig-von-mises/all-this-talk-the-state-should-do-this-or-that-ultimately-means-the/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social…](https://sms4smile.com/quotes/ludwig-von-mises/the-most-successful-businessmen-were-often-uneducated-when-measured/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life;…](https://sms4smile.com/quotes/ludwig-von-mises/two-hundred-years-ago-before-the-advent-of-capitalism-a-man-s-social/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and…](https://sms4smile.com/quotes/ludwig-von-mises/facts-per-se-can-neither-prove-nor-refute-anything-everything-is/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/#itemlist", "name": "5 Commodity Quotes By Ludwig von Mises", "numberOfItems": 5, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.", "creator": { "@type": "Person", "name": "Ludwig von Mises" }, "url": "https://sms4smile.com/quotes/ludwig-von-mises/what-people-today-call-inflation-is-not-inflation-i-e-the-increase-in/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f5b/ludwig-von-mises-364_commodity_what-people-today-call-inflation-is-not_139837.jpg", "contentUrl": "https://sms4smile.com/quotes/i/f5b/ludwig-von-mises-364_commodity_what-people-today-call-inflation-is-not_139837.jpg", "url": "https://sms4smile.com/quotes/i/f5b/ludwig-von-mises-364_commodity_what-people-today-call-inflation-is-not_139837.jpg", "width": 1080, "height": 1080, "caption": "“What people today call inflation is not inflation, i.e., the increase in the quantity of money and money…” — Ludwig von Mises", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.", "creator": { "@type": "Person", "name": "Ludwig von Mises" }, "url": "https://sms4smile.com/quotes/ludwig-von-mises/once-public-opinion-is-convinced-that-the-increase-in-the-quantity-of/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg", "url": "https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg", "width": 1080, "height": 1080, "caption": "“Once public opinion is convinced that the increase in the quantity of money will continue and never come to…” — Ludwig von Mises", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "Within the market society each serves all his fellow citizens and each is served by them. It is a system of mutual exchange of services and commodities, a mutual giving, and receiving.", "creator": { "@type": "Person", "name": "Ludwig von Mises" }, "url": "https://sms4smile.com/quotes/ludwig-von-mises/within-the-market-society-each-serves-all-his-fellow-citizens-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a5c/ludwig-von-mises-364_citizens_within-the-market-society-each-serves-al_2379392.png", "contentUrl": "https://sms4smile.com/quotes/i/a5c/ludwig-von-mises-364_citizens_within-the-market-society-each-serves-al_2379392.png", "url": "https://sms4smile.com/quotes/i/a5c/ludwig-von-mises-364_citizens_within-the-market-society-each-serves-al_2379392.png", "width": 1080, "height": 1080, "caption": "“Within the market society each serves all his fellow citizens and each is served by them. It is a system of…” — Ludwig von Mises", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.", "creator": { "@type": "Person", "name": "Ludwig von Mises" }, "url": "https://sms4smile.com/quotes/ludwig-von-mises/government-is-the-only-institution-that-can-take-a-valuable-commodity/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d5a/ludwig-von-mises-364_commodity_government-is-the-only-institution-that_2676420.png", "contentUrl": "https://sms4smile.com/quotes/i/d5a/ludwig-von-mises-364_commodity_government-is-the-only-institution-that_2676420.png", "url": "https://sms4smile.com/quotes/i/d5a/ludwig-von-mises-364_commodity_government-is-the-only-institution-that_2676420.png", "width": 1080, "height": 1080, "caption": "“Government is the only institution that can take a valuable commodity like paper, and make it worthless by…” — Ludwig von Mises", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price.", "creator": { "@type": "Person", "name": "Ludwig von Mises" }, "url": "https://sms4smile.com/quotes/ludwig-von-mises/in-the-market-economy-the-worker-sells-his-services-as-other-people/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/69e/ludwig-von-mises-364_buyers_in-the-market-economy-the-worker-sells-h_2899582.jpg", "contentUrl": "https://sms4smile.com/quotes/i/69e/ludwig-von-mises-364_buyers_in-the-market-economy-the-worker-sells-h_2899582.jpg", "url": "https://sms4smile.com/quotes/i/69e/ludwig-von-mises-364_buyers_in-the-market-economy-the-worker-sells-h_2899582.jpg", "width": 1080, "height": 1080, "caption": "“In the market economy the worker sells his services as other people sell their commodities. The employer is…” — Ludwig von Mises", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/#webpage", "url": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/", "name": "Commodity Quotes by Ludwig von Mises", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/f5b/ludwig-von-mises-364_commodity_what-people-today-call-inflation-is-not_139837.jpg" }, "description": "5 Commodity quotes by Ludwig von Mises. Plus more from Ludwig von Mises and more Commodity sayings from other authors.", "breadcrumb": { "@id": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/#breadcrumb" } }, { "@type": "BreadcrumbList", "@id": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Topics", "item": "https://sms4smile.com/quotes/categories/" }, { "@type": "ListItem", "position": 4, "name": "Commodity", "item": "https://sms4smile.com/quotes/about/commodity/" }, { "@type": "ListItem", "position": 5, "name": "Ludwig von Mises", "item": "https://sms4smile.com/quotes/about/commodity/ludwig-von-mises/" } ] }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```