Economic Calculation Quotes
- If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier,… — Murray Rothbard
- We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely… — 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 of… — Ludwig von Mises
- What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference. — Ludwig von Mises