Economic Quote by Ludwig von Mises
“What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.”
About This Quote
Nationalist economic policies like tariffs and currency controls create conflict, making protectionism a cause of war.
In simple terms: Protectionist economics leads to war.
Avoid protectionist policies to reduce conflict.
Themes
Mood
Type
When to use this quote
- trade negotiations
- policy making
- international relations
Key Concepts
Questions to Reflect On
- Can a nation be both protective and peaceful?
- What alternatives exist to protect economies?
Protectionism can also aim to protect domestic jobs.