Home > Author > Ludwig von Mises >

" One thing, however, must be made clear; even now the State has not the power of directly making anything into money, that is to say into a common medium of exchange. Even nowadays, it is only the practice of the individuals who take part in business that can make a commodity into a medium of exchange. "

Ludwig von Mises , The Theory of Money and Credit


Image for Quotes

Ludwig von Mises quote : One thing, however, must be made clear; even now the State has not the power of directly making anything into money, that is to say into a common medium of exchange. Even nowadays, it is only the practice of the individuals who take part in business that can make a commodity into a medium of exchange.