Freedom Quotes - Page 7

Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility. It was not until it became customary to acquire certain goods merely in order to use them as media of exchange that people began to esteem them more highly than before, on account of this possibility of using them in indirect exchange. The individual valued them in the first place because they were useful in the ordinary sense, and then additionally because they could be used as media of exchange. Both sorts of valuation are subject to the law of marginal utility.

Ludwig von Mises

The error in this conclusion may be most simply demonstrated by means of an actual example. Let us select for this purpose the monetary history of Austria, which Laughlin also uses as an illustration. From 1859 onwards the Austrian National Bank was released from the obligation to convert its notes on demand into silver, and nobody could tell when the State paper-money issued in 1866 would be redeemed, or even if it would be redeemed at all. It was not until the later 'nineties that the transition to metallic money was completed by the actual resumption of cash payments on the part of the Austro-Hungarian Bank.

Ludwig von Mises

The core of the doctrine consists in the proposition that the supply of money and the demand for it both affect its value. This proposition is probably a sufficiently good hypothesis to explain big changes in prices; but it is far from containing a complete theory of the value of money. It describes one cause of changes in prices; it is nevertheless inadequate for dealing with the problem exhaustively. By itself it does not comprise a theory of the value of money; it needs the basis of a general value theory. One after another, the doctrine of supply and demand, the cost-of-production theory, and the subjective theory of value have had to provide the foundations for the Quantity Theory.

Ludwig von Mises

The older theories, which started from an erroneous conception of the social demand for money, could never arrive at a solution of this problem. Their sole contribution is limited to paraphrases of the proposition that an increase in the stock of money at the disposal of the community while the demand for it rClnains the same decreases the objective exchange-value of money, and that an increase of the demand with a constant available stock has the contrary effect, and so on. By a flash of genius, the formulators of the Quantity Theory had already recognized this. We cannot by any means call it an advance when the formula giving the amount of the demand for money (Volume of Transactions + Velocity of Circulation) was reduced to its elements.

Ludwig von Mises

a variation in the objective exchange-value of money can arise only when a force is exerted in one direction that is not cancelled by a counteracting force in the opposite direction. If the causes that alter the ratio between the stock of money and the demand for it from the point of view of an individual consist merely in accidental and personal factors that concern that particular individual only, then, according to the law of large numbers, it is likely that the forces arising from this cause, and acting in both directions in the market, will counterbalance each other.

Ludwig von Mises

It will be the obvious result of this that the prices of the goods concerned will rise, and that the objective exchange-value of money will fall in comparison. But this rise of prices will by no means be restricted to the market for those goods that are desired by those who originally have the new money at their disposal. In addition, those who have brought these goods to market will have their incomes and their proportionate stocks of money increased and, in their tum, will be in a position to demand more intensively the goods they want, so that these goods will also rise in price. Thus the increase of prices continues, having a diminishing effect, until all commodities, some to a greater and some to a lesser extent, are reached by it.

Ludwig von Mises

If the possessor of a units of money receives h additional units, then it is not at all true to say that he will value the total stock a + h exactly as highly as he had previously valued the stock a alone. Because he now has disposal over a larger stock, he will now value each unit less than he did before; but how much less will depend upon a whole series of individual circumstances, upon subjective valuations that will be different for each individual.

Ludwig von Mises

It must be pointed out that the level of the total stock of money and of the value of the money unit are matters of complete indifference as far as the utility obtained from the use of the money is concerned. Society is always in enjoyment of the maximum utility obtainable from the use of money. Half of the money at the disposal of the community would yield the same utility as the whole stock, even if the variation in the value of the monetary unit was not proportioned to the variation in the stock of money.

Ludwig von Mises

The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed.

Ludwig von Mises

Let us assume that a man gets half his income in the form of interest-bearing securities and half in the form of money; and that he is in the habit of saving three-quarters of his income, and does this by retaining the securities and using that half of his income which he receives in cash in equal parts for paying for current consumption and for the purchase of further securities. Now let us assume that a variation in the composition of his income occurs, so that he receives three-quarters of it in cash and only one-quarter in securities. From now on this man will use two-thirds of his cash receipts for the purchase of interest-bearing securities. If the price of the securities rises or, which is the same thing, if their rate of interest falls, then in either case he will be less willing to buy and will reduce the sum of money that he would otherwise have employed for their purchase; he is likely to find that the advantage of a slightly increased reserve exceeds that which could be obtained from the acquisition of the securities. In the second case he will doubtless be inclined to pay a higher price, or more correctly, to purchase a greater quantity at the higher price, than in the first case. But he will certainly not be prepared to pay double as much for a unit of securities in the second case as in the first case.

Ludwig von Mises

If we compare two static economic systems, which differ in no way from one another except that in one there is twice as much money as in the other, it appears that the purchasing power of the monetary unit in the one system must be equal to half that of the monetary unit in the other. Nevertheless, we may not conclude from this that a doubling of the quantity of money must lead to a halving of the purchasing power of the monetary unit; for every variation in the quantity of money introduces a dynamic factor into the static economic system. The new position of static equilibrium that is established when the effects of the fluctuations thus set in motion are completed cannot be the same as that which existed before the introduction of the additional quantity of money. Consequently, in the new state of equilibrium the conditions of demand for money, given a certain exchange-value of the monetary unit, will also be different. If the purchasing power of each unit of the doubled quantity of money were halved, the unit would not have the same significance for each individual under the new conditions as it had in the static system before the increase in the quantity of money.

Ludwig von Mises

To a naive observer, money made out of precious metal was 'sound money' because the piece of precious metal was an 'intrinsically' valuable object, while paper money was 'bad money' because its value was only 'artificial'. But even the layman who holds this opinion accepts the money in the course of business transactions, not for the sake of its industrial use-value, but for the sake of its objective exchange-value, which depends largely upon its monetary employment. He values a gold coin not merely for the sake of its industrial use-value, say because of the possibility of using it as jewellery, but chiefly on account of its monetary utility. But, of course, to do something, and to render an account to oneself of what one does and why one does it, are quite different things.

Ludwig von Mises

The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.

Ludwig von Mises

In the case of money, subjective use-value and subjective exchange-value coincide. Both are derived from objective exchange-value, for money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it.

Ludwig von Mises

The exchange-value of money is the anticipated use-value of the things that can be obtained with it.

Ludwig von Mises

For when the Law of Price declares that a good actually commands a particular price, and explains why it does so, it of course implies that the good is able to command this price, and explains why it is able to do so. The Law of Price comprehends the Law of Exchange-Value.

Ludwig von Mises

It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion.

Ludwig von Mises

Under bilateral competition, market-price is determined within a range whose upper limit is set by the valuations of the lowest bidder among the actual buyers and the highest offerer among the excluded would-be sellers, and whose lower limit is set by the valuations of the lowest offerer among the actual sellers and the highest bidder among the excluded would-be buyers.

Ludwig von Mises

The fact that labour is external to the worker, i.e., it does not belong to his intrinsic nature; that in his work, therefore he does not affirm himself but denies himself, does not feel content but unhappy, does not develop freely his physical and mental energy but mortifies his body and his mind. The worker therefore only feels himself outside his work, and in his work feels outside himself.

Karl Marx

I am living breathing freedom

Hiroko Sakai

The artist can not serve his struggle for freedom unless he subjectively assimilates the social content, unless he feels in his very nerves its meaning and drama and freely seeks to give his own inner world incarnation in his art.

Leon Trotsky

When you judge you are limiting yourself, you are limiting your reach.

Jorge Gw

Welcome to Sex Media, Where Fantasy Becomes Reality!

Carla H. Krueger

Names can hide so much.

Carla H. Krueger

This is no place for limits.

Carla H. Krueger

It is not fiction. It is history. And both their histories match now.

Carla H. Krueger

This is a landscape of dreams cemented in the past, of hopes gone cold, of girls and boys for rent in officially empty tower blocks, where none is truly so.

Carla H. Krueger

The loudest silence is camera silence.

Carla H. Krueger

He left that morning, the last words still echoing in my head, and though he said he’d come back one day I know a broken promise from a right one for I have used them myself and there is no coming back. Minds like ours are can’t be tamed and the price for freedom is the price we pay.

Charlotte Eriksson

But you are not your bank account, or your ambition. You're not the cold clay lump you leave behind when you die. You're not your collection of walking personality disorders. You are Spirit, you are love, and even though it is hard to believe sometimes, you are free. You're here to love, and be loved, freely. If you find out next week that you are terminally ill - and we're all terminally ill on this bus - what will matter are memories of beauty, that people loved you, and that you loved them.

Anne Lamott

You always know the mark of a coward. A coward hides behind freedom. A brave person stands in front of freedom and defends it for others.

Henry Rollins

Your personal declaration of will is the first step in a seemingly impossible journey.

Bryant McGill

This Land Is Protected By Million’s Blood Bath, If Needed, We’ll Fight Again By Sipping The Death Bowl....

Muhammad Imran Hasan

Joan spoke kindly, explaining patiently, as he always patiently explained things to her. “It’s like in that book you gave me, Jane Eyre. Jane says she isn’t a bird caught in a net. Instead she’s a human being with an independent will and that she has a treasure inside her that will keep her alive, no matter if anything bad happens.

Cate Campbell Beatty

This nation will remain the land of the free only so long as it is the home of the brave.

Elmer Davis

Slaves do not have the bravery of free men.

Pierce Brown

She wanted to be free, and if she could never be free, at least she wanted to be brave - brave enough not to sell herself, no matter what the payment, or the cost of refusing.

Laini Taylor

We are liberated by the examples of the brave, the talented, and the successful if we allow ourselves that freedom.

Teresa Collins

Enjoy your freedom today, leave the regret for tomorrow.

M.F. Moonzajer

alone, condemned, deserted, as those who are about to die are alone, there was a luxury in it, an isolation full of sublimity; a freedom which the attached can never know

Virginia Woolf

I choose to be alone cause I wanted to experience freedom, but I realized that freedom needs a companionship

Ahmed Alibage

The emptiness, the way his heels rang on the asphalt,was satisfying, emphasised his aloneness. A man alone, alone late at night with no one to say he should be home in bed.

Dan Davin

It’s been said that only the educated are free, but I contend. Only those who are educated with TRUTH can be inherently free. Otherwise, you are simply indoctrinated with error.

J.E.B. Spredemann

Satan will tempt you with many things in life, but the most powerful is the temptation to be grateful for what you have, when it is not the best life God had to offer you.

Shannon L. Alder

Being naturally happy is the most impressive sign of freedom.

Eraldo Banovac

The key of life symbolizes the map of existence. Once you free yourself from all resistance, your path will become white for the remainder of the distance.

Suzy Kassem

Freedom is not the same as lack of accountability.

Kevin Powers

From too much liberty, my Lucio, libertyAs surfeit is the father of much fast,So every scope of the immoderate useTurns to restraint. Our natures do pursue, -Like rats that ravin down their proper bane, - A thirsty evil; and when we drink we die.

William Shakespeare

... privilege was obligation; command was service; power, the gift itself, entailed a heavy loss of freedom.

Ursula K Le Guin

Freedom without responsibility? What freedom is that? None at all.

David Clement-Davies

It is hard to understand how a compassionate world order can include so many people afflicted by acute misery, persistent hunger and deprived and desperate lives, and why millions of innocent children have to die each year from lack of food or medical attention or social care. This issue, of course, is not new, and it has been a subject of some discussion among theologians. The argument that God has reasons to want us to deal with these matters ourselves has had considerable intellectual support. As a nonreligious person, I am not in a position to assess the theological merits of this argument. But I can appreciate the force of the claim that people themselves must have responsibility for the development and change of the world in which they live. One does not have to be either devout or non devout to accept this basic connection. As people who live-in a broad sense-together, we cannot escape the thought that the terrible occurrences that we see around us are quintessentially our problems. They are our responsibility-whether or not they are also anyone else's. As competent human beings, we cannot shirk the task of judging how things are and what needs to be done. As reflective creatures, we have the ability to contemplate the lives of others. Our sense of behavior may have caused (though that can be very important as well), but can also relate more generally to the miseries that we see around us and that lie within our power to help remedy. That responsibility is not, of course, the only consideration that can claim our attention, but to deny the relevance of that general claim would be to miss something central about our social existence. It is not so much a matter of having the exact rules about how precisely we ought to behave, as of recognizing the relevance of our shared humanity in making the choices we face.

Amartya Sen

I AM RESPONSIBLE FOR THE THING I DO NOT WHAT MY COMMUNITY OR RELIGION DOES.

merlin8thomas

You can’t rid yourself of freedom the way you’d rid yourself of lice, brother.

Bohumil Hrabal

Don’t serve time. Make time serve you.

Timothy G. Cameron

Initially, the purveyors of racism need no more than the silent acquiescence of the public ... [I]t is never too soon to confront bigotry and racism whenever, wherever, and in whatever form it raises its ugly head. It is incumbent upon all people to confront even the slightest hint of racist thought or action with zero tolerance.

Hans J. Massaquoi

Love of democracy can be likened to a mother's love for her son.It must be cherished,nurtured and protected for all of time

J.R. Ortiz

The more degrees of freedom there are in practice, the wider the discussion and debate can be.

Thomas Newkirk

when your actions towards acquiring leadership in any country portrays blatant mischief orchestrated towards disregarding the concepts of the constitution, you do not only become guilty of hijacking power which rightfully belong to the people, but also, you are guilty of violation of the rights of freedom of the same people that you purport to want to lead. Like any match, elections is competition towards democracy, and all competitions have rules that set guidelines in that particular competition. Any violation of such rules renders that competition invalid. True democracy does not condone compromises. True democracy upholds and adheres to the rule of law, for it is the rule of law that can explicitly define democracy.

Akuku Mach Pep

the government bailed out the corporate sector. while the people thay supported the government financally, were ignored and left to fend for themselves. is this what you call democracy?

Jeffrey Fischer

Democracy is a con game. It’s a word invented to placate people to make them accept a given institution. All institutions sing, ‘We are free.’ The minute you hear ‘freedom’ and ‘democracy’, watch out… because in a truly free nation, no one has to tell you you’re free.

Jacque Fresco

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Freedom Quotes - Page 7

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